The South Pacific Stock Exchange (SPX) is anticipating the listing of two to three organizations next year, spurred by the remarkable success of SUN Insurance. The SPX Chief Executive Officer, Sheraj Obeyesekere, noted that the enthusiasm for share investments has surged since SUN Insurance’s IPO was both oversubscribed and deemed successful in 2019.
While no formal applications have yet been received, several corporations are currently laying the groundwork for potential listings, with expectations set for at least two to three by 2025. To bolster these new listings, the SPX is set to launch a public awareness campaign aimed at promoting the benefits of share investments. Obeyesekere emphasized the need for responsible and regulated investment options among the public, expressing hopes that share investments will become a preferred choice.
To facilitate these upcoming listings, a review of the current listing rules is planned for 2025. This review aims to allow a greater range of companies to raise capital through the stock market. The SPX intends to consult with various stakeholders during this process to ensure that the new regulations are collaborative and reflect the needs of the Fijian market while adhering to fundamental stock market principles.
Additionally, the SPX is also focused on enhancing its international presence. It plans to attend the World Federation of Exchanges Annual Meeting in Malaysia this month, where it will pursue memorandums of understanding with other exchanges. This collaboration is expected to provide access to technical expertise and foster knowledge sharing, which will support SPX’s growth objectives.
This development signals a promising future for the South Pacific Stock Exchange and its constituents, as it creates a more dynamic and accessible investment landscape for potential companies and investors alike. With more listings and enhanced public awareness, there’s hope for a thriving investment culture that could drive economic growth in the region.
Summary: The South Pacific Stock Exchange expects two to three organizations to list in 2025, following SUN Insurance’s successful IPO. They will review listing rules and enhance public awareness about share investments while improving international presence through partnerships with other exchanges.
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