Mauritius Stock Exchange Launches Segment to Attract High-Growth Firms
TLDR
- The Stock Exchange of Mauritius (SEM) has introduced SEMX for high-growth companies
- SEMX aims to support businesses with strong growth trajectories to raise capital and expand
- Tuesday Markets has been named the inaugural market maker for SEMX
The Stock Exchange of Mauritius (SEM) has introduced SEMX, a dedicated segment for high-growth companies, aimed at supporting businesses with strong growth trajectories to raise capital and expand.
The segment operates under specialized listing rules tailored for these companies, including provisions for market-making to ensure liquidity. Tuesday Markets has been named the inaugural market maker for SEMX.
Eligibility for SEMX requires a compound annual growth rate of at least 25% over the past three financial years or a 100% growth rate over five years. Three companies — Africa Eats, Elite Meat Processors, and Ziweto Holdings — debut on SEMX on December 3, 2024.
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Key Takeaways
The launch of SEMX aligns with SEM’s strategy to diversify and internationalize its platform. Since 2009, SEM has expanded its listings from 100 to 180 securities and facilitated $6.5 billion in capital raising, $4.6 billion of which came from international issuers. This initiative underscores SEM’s role in advancing innovation and funding access within Africa’s capital markets.
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