Two to three organizations are anticipated to list on the securities exchange next year, following the successful IPO of SUN Insurance. The South Pacific Stock Exchange (SPX) plans to revise its listing rules to facilitate capital raising opportunities for a wider range of companies.
According to SPX CEO Sheraj Obeyesekere, SUN Insurance’s successful and oversubscribed IPO sparked heightened investor interest in share investments since 2019. While no formal applications have been submitted yet, several companies are currently preparing for potential listings in 2025.
To support these upcoming listings, the SPX will initiate a public awareness campaign aimed at promoting share investments. Obeyesekere emphasized the public’s demand for responsible and regulated investment options, positioning shares as a viable option. The planned review of listing rules in 2025 intends to create more opportunities for diverse companies to raise capital from the stock market.
In addition to local developments, the SPX aims to enhance its international presence. They will participate in the World Federation of Exchanges Annual Meeting in Malaysia this month, where they intend to sign memoranda of understanding with various exchanges. This will enable the SPX to access technical expertise and benefit from knowledge sharing as part of their growth strategy.
This proactive approach by the SPX not only highlights the potential growth in the local market but also its efforts to integrate with international standards and best practices. With increased listings and stronger international collaboration, the future looks promising for investors in the South Pacific region.
Overall, the focus on improving investment options and expanding the market validates the confidence in the capital sector’s growth potential, paving a hopeful path for investors and businesses alike.
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