First six months sees 45% rise in listings

There were 331 new listings between January and June, taking the total number of listed securities on the exchange to 2,411 at the end of June. Their total value is £399bn, a £6bn increase over the quarter.

‘It has been an extremely busy first half of the year, not least with rebranding and also opening an office in the Isle of Man but, in addition, we have seen strong growth in the number of new listings,’ said Fiona Le Poidevin, chief executive of The International Stock Exchange Group. ‘It is an exciting time to be part of this growing business.’

Listings during the first half of 2017 included financial services business PraxisIFM Group, which listed in April to widen the group’s visibility internationally, provide access to the capital markets and to give shareholders a market for their holdings. It features on the Channel Islands segment of Tise’s Official List.

Other listings during the period have included convertible bonds and high yield bonds, while there have also been applications for UK real estate investment trusts (Reits) which have subsequently listed.

Mrs Le Poidevin told the Jersey Evening Post that one of the new sources of business has been the introduction of new EU market abuse regulations last year, which have offered an opportunity for the exchange.

‘We list a lot of specialist debts and the biggest spend over the last 12 months has been the number of high-yield bonds coming to the market,’ she said.

Full story in today's Guernsey Press