Nike sock supplier plans Pakistan's biggest private sector IPO
Textile company Interloop, which makes socks for Nike and Adidas, is planning Pakistan's biggest-ever Initial Public Offering (IPO) by a private firm. The company plans to raise as much as PKR 680 crore (â¹369 crore) and will offer 12.5% stake, Chairman Musadaq Zulqarnain said. Interloop employs around 16,000 people and makes over half a billion pairs of socks a year.