CSE releases market listing guide to encourage investment

23 August 2013 02:58 am - 0 - {{hitsCtrl.values.hits}}

A A A

The Colombo Stock Exchange (CSE) yesterday launched a publication titled ‘A guide to listing on the CSE’, in a bid to raise awareness on equity listing and corporate debt securities.

This issuer relations guide has been initiated under the Securities and Exchange Commission of Sri Lanka’s (SEC) project eight, one of the ten key SEC projects.

Some areas covered under this publication include; considerations when planning for an IPO, the IPO process of a company seeking a listing, along with timing the market, the parties involved in an IPO, timelines involved and the regulatory and legal framework governing these areas.

It also outlines the opportunities and potential benefits for a company seeking a listing on the exchange, including a list of the concessions introduced by the government’s 2013 budget.

“The CSE wants to increase new listings and this is an initiative taken in this regard.

This publication will benefit companies which are planning to list and will also provide valuable insights to those who have not considered listing yet,” CSE Chairman, Krishan Balendra said.

“One of the concerns we have right now is the lack of IPOs coming in to the market. The main reason for this is that most companies are now looking at debt as a solution for raising capital,” SEC Chairman, Dr. Nalaka Godahewa stated on the sidelines of the launch.

However, Godahewa noted that when the equity market picks up, more IPOs will eventually start coming. “To achieve that we will have to do more work like educating people about the processes involved, the benefits, regulations etc. which is a continuous process. This launch is a step in that direction,” he said.

Order Gifts and Flowers to Sri Lanka. See Kapruka's top selling online shopping categories such as Toys, Grocery, Kids Toys, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,Astrology, Courier/Delivery, Medicine Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka

Comments - 0

Add comment
Comments will be edited (grammar, spelling and slang) and authorized at the discretion of Daily Mirror online. The website also has the right not to publish selected comments.

CSE releases market listing guide to encourage investment

Comments - 0

Add comment

RECOMMENDED

UDA owned land in Thalawathugoda; UDA Minister Prasanna Ranatunga under the spotlight for forceful occupation of reserved land

Loss-making SMIB faces political pressure in recovering loans

Baltimore Bridge Collapse: MV Dali, SL authorities anchored in mystery?

Has Sri Lanka become a potential hub for the illegal wildlife trade?

Spotlight on Moragahakanda Development Project Moragolla villagers lose livelihoods and down to one meal a day

Ambitious Sri Lankan jobseekers ‘trafficked into Ukraine war zones’

Western purple-faced langurs see blue!

Most Viewed in News

Former MP Palitha Thewarapperuma dies from electrocution

Sri Lanka defaults on USD 6 billion payment despite rising reserves: Patali

23 year old youth ends up having his testicles removed

Corporal from Air Force Rugby pool killed in police shootout

Sri Lanka’s Rupee leads emerging markets in 1st quarter of 2024

No decision to declare April 15 as public holiday

MIRROR CRICKET

How does CSK get best out of Pathirana?

Mendis, Mathews move up in ICC Test Rankings

Chamodi, Dewmi spins Sri Lanka U19 Women to big win

Amir, Wasim return to Pakistan national team

TODAY'S HEADLINES

Ruwan calls on Kotte Sri Kalyani Mahanayake Thera

Effectiveness of Sri Lanka’s legal system is questioned over alleged corruption: Chief Delegate

Public inconvenienced due to lack of transport

Ex-soldiers joining Russian military as mercenaries, Sri Lanka seeks details

Mendis, Mathews move up in ICC Test Rankings

Security raised for Champions League ties after threat

SLA target four events at Paris Olympic Games

Chamodi, Dewmi spins Sri Lanka U19 Women to big win