JSE growth board AltX scores 100th listing with Osiris

The 100th company listed on the AltX growth capital board of South Africa’s JSE Ltd securities exchange this week. According to spokesperson Nicole Cheyne: “More than R1.25-billion (USD151.9 million) has been raised via this market,” since AltX was launched in 2003.
The latest listing, on 20 August, is Bermuda-based Osiris Properties International. Osiris’ primary listing is on the Bermuda Stock Exchange. According to a press release from the JSE, it offers investors a high-yielding property investment by acquiring quality undervalued property assets predominantly in the UK and Europe. CEO Peter Todd said “Osiris Properties presents an attractive opportunity for South African investors. Our secondary listing on AltX further enhances the company’s ability to raise capital.”
This was the AltX’s third listing this year, and the weak global economy is blamed for drops in listings both on AltX and the JSE main board, but Cheyne said this is expected to improve. Of the 100 listings, 21 had successfully transferred to the JSE’s main board and 16 had delisted, leaving 63 companies currently listed on AltX. Industrials are the biggest segment by number of companies, but financials constitute 46% of the overall market capitalization of over R12.5-billion.
Also on Monday, financial services company Prescient Holdings listed on the JSE main board via a reverse listing into PBT Group (previously Prescient Business Technologies).

Source: JSE Ltd press release.


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