Pakistan, June 24 -- Pakistan's securities regulator said on Tuesday it had approved the public offering of LSE SPAC-II, marking the 14th initial public offering (IPO) approved in fiscal year 2025-26, as authorities seek to deepen the country's capital markets and attract more investors.

LSE SPAC-II is a Special Purpose Acquisition Company (SPAC), an investment vehicle that raises money from investors before identifying a business to acquire or merge with. Unlike a traditional IPO, a SPAC typically has no commercial operations when it goes public and uses the funds raised to pursue future acquisition opportunities.

The Securities and Exchange Commission of Pakistan (SECP) said LSE SPAC-II plans to offer 20 million shares to investors th...