ADSM to see more IPOs in next two years
Abu Dhabi Securities Market (ADSM) is expecting a pick up in the growth of initial public offerings in the course of next two years, as several privatised companies are likely to float their shares to general public.
"I cannot offer a specific number on the matter, but there are high expectations which would fuel the share trading activity on the bourse, which has grown phenomenally in the span of just seven years," said Tom Healy, Director-General of Abu Dhabi Securities Market (ADSM), while speaking at the International Business Forum, which was attended by delegates from Muslim nations.
He shared statistics on his bourse revealing that nine per cent of the shares in the companies listed on Abu Dhabi Securities Market (ADSM) are held by foreigners. "The foreign investors also buy 22 per cent of the shares, and sell about 16 per cent of the total shares changed hands on a given day, that reflects the vibrancy of the bourse," he said.
He said that two-thirds of the UAE nationals have invested in ADSM quoted shares. The director-general said that Abu Dhabi Securities Market is equipped with modern technology and have huge institutional capacity which has made it a unique market including it in the list of emerging markets.
Since western fund managers have substantial allocations for the emerging markets equities, ADSM stands to gain from it, which in coming months would be more evident, Tom Healy viewed.
"We expect huge institutional interest in our listed scrips, which are not only attractive, diversified but have substantial liquidity," he said. He said diversification of the economy away from traditional oil dictated economy has been an added feature to Abu Dhabi based companies..
The ADSM official said that within the next couple of years, ADSM will undergo a phase of rapid expansion, as number of privatised companies are expected to launch their initial public offerings (IPOs) which would not only increase number of listed companies in the exchange but will offer much more diversification." Our market is increasingly becoming broad-based," Healy added.
He said: "In recent months, ADSM launched a comprehensive campaign on international front, to market the potentials of the scrips listed on ADSM, as through road shows, in London, New York and Paris — now there is greater awareness on ADSM and its strengths."
ADSM director-general also briefed the conference participants on the strict regulatory supervision of member companies, share traders and measures taken to protect the interests of the investors. Source
"I cannot offer a specific number on the matter, but there are high expectations which would fuel the share trading activity on the bourse, which has grown phenomenally in the span of just seven years," said Tom Healy, Director-General of Abu Dhabi Securities Market (ADSM), while speaking at the International Business Forum, which was attended by delegates from Muslim nations.
He shared statistics on his bourse revealing that nine per cent of the shares in the companies listed on Abu Dhabi Securities Market (ADSM) are held by foreigners. "The foreign investors also buy 22 per cent of the shares, and sell about 16 per cent of the total shares changed hands on a given day, that reflects the vibrancy of the bourse," he said.
He said that two-thirds of the UAE nationals have invested in ADSM quoted shares. The director-general said that Abu Dhabi Securities Market is equipped with modern technology and have huge institutional capacity which has made it a unique market including it in the list of emerging markets.
Since western fund managers have substantial allocations for the emerging markets equities, ADSM stands to gain from it, which in coming months would be more evident, Tom Healy viewed.
"We expect huge institutional interest in our listed scrips, which are not only attractive, diversified but have substantial liquidity," he said. He said diversification of the economy away from traditional oil dictated economy has been an added feature to Abu Dhabi based companies..
The ADSM official said that within the next couple of years, ADSM will undergo a phase of rapid expansion, as number of privatised companies are expected to launch their initial public offerings (IPOs) which would not only increase number of listed companies in the exchange but will offer much more diversification." Our market is increasingly becoming broad-based," Healy added.
He said: "In recent months, ADSM launched a comprehensive campaign on international front, to market the potentials of the scrips listed on ADSM, as through road shows, in London, New York and Paris — now there is greater awareness on ADSM and its strengths."
ADSM director-general also briefed the conference participants on the strict regulatory supervision of member companies, share traders and measures taken to protect the interests of the investors. Source
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