Octopus Digital, a Pakistani based technology company is the first of its kind to go public. The CEO of the company signed the mandate for the Initial Public Offering (IPO) on October 2nd, 2020.
Bakhtiar H. Wain, Founder and CEO of Avanceon, and Moazzam Malik Chairman and CEO of BMA Capital, signed the agreement.
Avanceon is an industrial automation consulting company with offices based in Pakistan, Qatar, UAE, KSA, and United States. Whereas, BMA Capital is one of the leading financial institutions in Pakistan offering a diverse range of services in relation to Pakistan’s Capital Markets.
Octopus Digital specializes in helping businesses digitalize their manufacturing, supply chain, and financial workflows backed by strategic and operational maintenance support services.
“It is a unique enterprise that will fill the technology chasm facing the industrial sector in Pakistan today,” CEO, Avanceon told the media.
The company is already assisting its clients to digitalize their processes which will boost exports, increase productivity, and help them become more energy-efficient.
Octopus Digital is the first of its kind to go public in Pakistan. The company soon will be converted into a Public Limited Company with and an Initial Public Offering and then the shares to be traded on the Pakistan Stock Exchange.