Trading of unquoted securities at the Nairobi Securities Exchange (NSE) will start on May 12, a bourse official said Wednesday.
Bansri Pattni, business development and corporate finance manager at NSE, said one issuer has already enlisted, and will start trading at the segment.
“We have Acorn Holdings but we are engaging many other potential issuers who will come on board,” she said during a webinar on the platform.
The start of the trading would come nearly five months after the launch of the Unquoted Securities Platform (USP) in December 2020.
USP offers issuers an opportunity to access the capital markets for long-term funding through private placements while enjoying flexibility in listing requirements and obligations.
“This platform also enables companies that are not quoted and have a register of shareholders to enjoy price discovery and increase liquidity of their shares as well as raise funds,” said Pattni. Enditem