Several new organizations are anticipated to be listed on the South Pacific Stock Exchange (SPX) next year, following the favorable performance of SUN Insurance. The successful initial public offering (IPO) of SUN Insurance, which was oversubscribed, has sparked renewed interest from investors in share investments, as noted by SPX CEO Sheraj Obeyesekere.
Obeyesekere mentioned that while no formal applications have been received for new listings yet, various companies are actively preparing to enter the market. He expressed optimism that at least two to three companies will achieve listing status in 2025.
To facilitate these new listings, the SPX plans to initiate a public awareness campaign aimed at promoting share investments. Mr. Obeyesekere highlighted the growing public interest in responsible and regulated investment opportunities and emphasized the SPX’s commitment to making share investments more accessible. As part of this initiative, the listing rules will be reviewed in 2025 to enable a more extensive range of companies to raise capital through the stock market.
Moreover, the SPX is working to enhance its international presence. In a bid to achieve this, SPX representatives will attend the World Federation of Exchanges Annual Meeting in Malaysia this month, where they intend to sign memorandums of understanding with several other exchanges. This collaboration aims to leverage technical expertise and facilitate knowledge sharing to bolster SPX’s growth strategy.
Overall, the future appears promising for the SPX and potential new listings, as efforts are being made to create a more inviting environment for both local and international investors. The SPX’s initiatives reflect a proactive approach to enhancing investment opportunities in the region while engaging stakeholders to ensure that the regulatory framework remains effective and relevant for the Fijian market.
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