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The ISE Reports Listings Soared In 2017

by Jason Gorringe, Lowtax.net, London
11 January, 2018

The International Stock Exchange, formerly the Channel Islands Securities Exchange, has reported 705 new listings in 2017.

It says this represents a net increase of 203 (40 percent) on the previous year, taking the total number of listed securities on the Exchange to 2,511 at the end of December 2017.

The Exchange says growth areas for new listings last year included debt products, such as high-yield bonds and convertible bonds, and investment vehicles, including Real Estate Investment Trusts (REITs).

Fiona Le Poidevin, CEO of The International Stock Exchange Group Limited, commented: "It is fantastic that we have built on our success of previous years by substantially increasing new business during 2017. This significant rise in the number of new listings at the Exchange reflects the growing recognition from issuers and their advisers that the Exchange provides the most appropriate listing venue for their securities."

Le Poidevin continued: "High yield was an area of notable growth during last year, with 56 companies issuing 71 high-yield bonds, which listed on the Exchange ... Our position as a stock exchange based in Europe geographically but outside the European Union means that we can offer proportional levels of regulation and a responsive service offering within an innovative environment."

Looking ahead, Le Poidevin said: "A particular focus for us during [2018] will be showcasing how both local companies and those from outside our home islands of Guernsey, Jersey, and the Isle of Man, such as UK small and medium sized enterprises (SMEs), can potentially benefit from listing on the Exchange. We will be demonstrating how the Exchange is a more convenient exchange for listing SMEs compared to larger exchanges, but also that being based in the Crown Dependencies means we can offer stability at a time of significant uncertainty in the UK given the ongoing Brexit process."


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