I have read many commentaries about the members only status, slow reforms, investors powerlessness and lack of influence on how NSE is managed and run. However, it appears this maybe a thing of the past with the recent announcement of NSE demutualization into a public owned company listed on the stockmarket. This is similar to what Jo,berg S E, LSE or NYSE have done.
The public listing is to happen before the end of the year and for those interested should be ready for it.
2 comments:
How will it be carried out? will it be via a public offering? will the NSE be listed under the counters and we (public) can buy shares?
Musa, I believe it'll be a normal IPO so they will go from being a a member's club to one that can now be owned by any one. Have a look at the LSE website and in particular their history page.
Lakini, wait for the numbers. The only way one can influence the NSE is a to be a large shareholder. An interesting note is that JSE has around 100,000 customers while NSe now has something in the region of 500,000. JSe has 750 listed companies, NSE 50 actively traded ones. I won't even mention the differences in market cap.
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