Standard Bank to launch secondary listing to the A2X bourse

South?African lender Traditional bank shall be floating its shares in the secondary listing to the A2X markets wall street game in Johannesburg in a few days, the provider said on Thursday.

The A2X bourse may have thirteen listed companies at this point since launching in October 2017 following the bank and consumer goods firm AVI float in the near future.

The exchange provides free secondary-listing for businesses, supplying them more exposure and the primary listing.

“We’ve got paid attention to our institutional investors, who definitely have needed this secondary listing, that could offer enhanced substitute for investors to trade through A2X’s platform,” the bank’s financial director, Arno Daehnke, said in a statement.

Standard Bank,?South?Africa’s largest lender by assets is definitely the biggest company by market capitalisation when its listing commences on November 15, in accordance with Reuters data.

The lender will join?South?Africa’s biggest insurer Sanlam as well as other firms listed on the A2X bourse.

“It provides them more exposure. Investors also would read more than one technique for checking out the stock and as brokers sign on, the exchange should grow in traction at the same time,” Ryan Woods, trader at Independent Securities.?