The South Pacific Stock Exchange (SPX) anticipates the listing of two to three additional organizations on its exchange next year, inspired by the success of SUN Insurance’s initial public offering (IPO). SPX Chief Executive Officer Sheraj Obeyesekere noted that the positive response to SUN’s oversubscribed IPO has reignited interest among investors in share investments, indicating a healthy trend for the market since 2019.
Obeyesekere mentioned that while no formal applications have been submitted yet, several companies are actively laying the groundwork for their listings. He expressed optimism about seeing these new listings materialize in 2025.
To facilitate this growth, SPX plans to implement a public awareness campaign aimed at educating the public about share investments. This initiative is in response to a growing demand for safe and regulated investment opportunities. The exchange will also review its listing rules in 2025 to allow for capital raising opportunities for a broader range of companies, with stakeholder consultation ensuring the regulations support the unique needs of the Fijian market while adhering to standard stock market principles.
Furthermore, to enhance its international standing, SPX is preparing to attend the World Federation of Exchanges Annual Meeting in Malaysia. During this event, the SPX aims to establish memorandums of understanding with several other exchanges, which would facilitate technical expertise and knowledge sharing critical to its growth strategy.
This progressive approach by the SPX not only promises new investment opportunities for companies and investors alike but also reflects a wider commitment to nurturing a vibrant capital market ecosystem in Fiji, potentially leading to economic growth and enhanced investor confidence.
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