Gabriel Theron, CEO of Cilo Cybin with Valdene Reddy, director of capital markets at the JSE. (Nick Wilson/ News24)
With two companies having joined the bourse so far this year and a few more on the near horizon, the JSE says its listings pipeline is probably the healthiest it’s been in five years.
Speaking after the listing of medicinal cannabis group Cilo Cybin on the AltX on Tuesday, Valdene Reddy, the JSE’s director of capital markets, said the exchange expected to welcome more listings this year, adding these would “manifest as a combination of IPOs (initial public offerings)” and “unbundling or corporate actions”.
The first listing this year was WeBuyCars, which joined the main board in April, with Cilo Cybin becoming the second company to take the plunge when it listed as a special purpose acquisition (SPAC) on AltX. On Wednesday, Rainbow Chicken will debut on the main board as a standalone group after being unbundled from Remgro-controlled RCL, while Pick n Pay’s separate listing of Boxer is also expected later this year. The market is also eagerly awaiting the arrival of Coca-Cola Beverages Africa on the bourse.
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