Symmetry Group Limited has announced plans to take its artificial intelligence subsidiary public, marking a significant step in Pakistan’s evolving tech landscape. The company’s Board of Directors has approved the initiation of an Initial Public Offering (IPO) for its AI-powered platforms, a move that is expected to attract substantial investor interest. The announcement, made through a formal notice to PSX on Wednesday, signals the company’s ambition to expand its AI-driven business and secure new capital for growth.
The AI subsidiary, which includes cutting-edge platforms like Influsense.ai and Vidfy.ai, is at the forefront of digital transformation, offering innovative solutions in artificial intelligence and data-driven marketing. Symmetry Group aims to raise between Rs. 1.50 billion and Rs. 2.0 billion through this IPO, underscoring its commitment to scaling operations and tapping into new markets. The company has appointed KTrade Securities Limited as the IPO advisor to oversee the offering, with a timeline of six months to complete the process.
Symmetry Group’s decision to list its AI subsidiary comes at a time when artificial intelligence is reshaping industries worldwide. By going public, the company seeks to unlock new opportunities for growth, enhance its technological capabilities, and strengthen its position in the AI-driven digital solutions sector. This IPO is expected to generate significant interest among institutional and retail investors, particularly those looking to invest in Pakistan’s growing technology sector.
The company has yet to disclose specific details regarding the IPO pricing, share allocation, and potential listing date. However, it has assured that further updates will be provided in compliance with regulatory requirements. Given the increasing global demand for AI-powered solutions, Symmetry Group’s strategic move positions it as a key player in Pakistan’s digital economy. With the public listing of its AI subsidiary, Symmetry Group aims to accelerate innovation, expand its product offerings, and establish a stronger footprint in international markets. The IPO represents not only a major milestone for the company but also a positive development for Pakistan’s technology and capital markets, signaling confidence in the country’s growing digital sector.
