Small firms get help
to help them grow.
Through the Bermuda Stock Exchange, businesses can stay competitive with new finance and move ahead in a rapidly changing market.
Companies, specifically those with total market capitalisation as low as $500,000, can join the "small cap'' listing of the BSX -- and so tap into cash raised from the sale of their shares.
The initial public offering is part of the BSX's plan to internationalise the exchange, and at the same time increase its domestic listings.
Companies already trading on the "small cap'' include Kentucky Fried Chicken Ltd., Masters Ltd., SAL Ltd. and Watlington Waterworks.
And in a bid to encourage more businesses onto the exchange, the BSX is to hold a seminar on its benefits and the procedure.
BSX development manager Stephen Davidson said: "We are excited about launching this initiative. There are a number of local companies which can benefit further from listing on the BSX.
"For many of these companies going public is the next logical step in their continued growth.'' REGULATORS TO MEET AT BUEI CON BUC Regulators to meet at BUEI Regulators of offshore investment schemes are to meet today, with representatives from several countries in attendance.
The Offshore Group of Collective Investment Scheme Supervisors will assemble at the Cable & Wireless room at the Bermuda Underwater Exploration Institute.
Opening the meeting will be the Bermuda Monetary Authority's acting chairman, Dr. David Saul. It will be attended by members from the British Virgin Islands, Cayman Islands, Cyprus, Isle of Man, Labuan, St. Lucia and the Eastern Caribbean Central Bank.
The group's inaugural meeting took place last December in the Cayman Islands.
BUSINESS BUC
