Small and emerging companies in Latin America are going to get an exchange they can trade on – away from their larger brethren.
The Santiago Stock Exchange (SSE) and TMX Group’s TMX Venture Exchange(TSXV) has joined forces to create and launch the Santiago Stock Exchange, Venture (SSEV), a new public venture capital market for small and early-stage companies. Currently, the SSEV is focused on mining may expand to other industry sectors at a later stage.
The announcement was made at a launch event in Chile on Wednesday, featuring Juan Andres Camus, Chairman, SSE, Jose Antonio Martinez, General Manager, SSE, and John McCoach, President, TSX Venture Exchange (TSXV).
TSXV and SSE entered into an agreement in March 2014 to create a streamlined dual listing process providing companies with access to public venture capital markets in both Chile and Canada. Under this agreement, companies listed on TSXV may choose to list on the new market.
“TSX Venture Exchange is a leading global marketplace for financing and trading SMEs,” said McCoach. “The launch of Santiago Stock Exchange, Venture will help entrepreneurs and emerging companies in Chile to grow their businesses, while also providing new opportunities for TSXV-listed companies who choose to access capital in Latin American markets.”
A dual listing on SSEV will allow TSXV-listed companies to not only connect to investors in Chile, but also the investment communities in Colombia, Mexico and Peru through the Latin American Integrated Market (MILA), a program that integrates the capital markets of these countries.
