Three New Listings
SUN's listing came out well because the IPO was oversubscribed and successful, Mr Obeyesekere said.
Wednesday 20 November 2024 | 04:14
New South Pacific Stock Exchange chief executive officer Sheraj Obeyesekere.
Two to three organisations are expected to list on the securities exchange next year, following SUN Insurance's success.
And listing rules will be reviewed to enable capital raising through the South Pacific Stock Exchange.
This after SUN's listing catalysed investor appetite in share investments after 2019, SPX chief executive officer Sheraj Obeyesekere said.
SUN's listing came out well because the IPO was oversubscribed and successful, Mr Obeyesekere said.
"After the SUN listing there are a few corporates that have indicated their listing plans," he said.
"No formal applications recieved but companies are doing the groundwork.
"We should see two to three listings in 2025 at least."
New listings
To support the proposed new listings, SPX will launch a public awareness campaign on share investments.
"There is a demand for responsible and regulated investments among the public and we want to position share investments as a go-to option," Mr Obeyesekere said.
"We will review listing rules in 2025 to enable capital raising through the stock market will be
a possibility for a wider array of companies.
"Stakeholders will be consulted in this process to ensure it's a collobarative and progressive regulation that suits the Fijian market, but maintains principles of how stock markets operate."
International presence
In another development, the securities exchange aims to improve it's international presence.
"SPX will attend the World Federation of Exchanges Annual Meeting in Malaysia this month," Mr Obeyesekere said.
"We plan to sign memorandums of understanding with a few other exchanges which will allow SPX to tap into technical expertise and knowledge sharing in our growth plans."
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