In its efforts to bring Pakistan Stock Exchange’s (PSX) functionalities and operations in step with the digitised world, PSX has digitised its listing process from end to end. Through an online portal called ‘PRIDE’ (Public Offerings Revolutionized through an Integrated and Digitized Experience), PSX has revolutionised the listing process.
Through PRIDE, Lead Managers, Advisors or Consultants can submit online applications & documentation for listing of equity, debt, mutual funds and Exchange Traded Funds (ETFs). The online portal allows for multifold applicability in that it provides for filing of listing applications, simplified tracking of listing applications and record retention. Moreover, this portal allows both the SECP and PSX to use this platform to share their approvals with issuers of equity and debt securities.
PRIDE can be utilised by companies or consultants to submit documents against Reverse Merger or Voluntary Delisting as well. The soft launch of PRIDE was conducted in December 2021, subsequent to which Listing and IT Units of PSX worked on addressing areas of improvement based on feedback received from Consultants, Advisors and Lead Managers. The PRIDE portal now offers advanced features for an enhanced user experience.
After launching PRIDE, PSX presented the webpage called ‘Public PRIDE’. This is a variation on the PRIDE system in that Public PRIDE is a one-stop solution meant for investors and general public to keep them updated on all information regarding upcoming public offerings as well as the investment avenues available in the primary market. Through this facility, the general public, including investors, can keep abreast with the status of listing of Main Board companies as well as Publicly Issued Debt on PSX in a transparent manner. Public PRIDE can be accessed online at: https://www.psx.com.pk/psx/pride.