• Largest Asian IPO by market capitalisation in London to date in 2013
• Taiwanese bulk ship owner becomes 10th company from the Asia region to list on London Stock Exchange markets this year
• Announcement coincides with LSEG's Asia Capital Markets Day, featuring senior representatives from across the region
London Stock Exchange today welcomes Wisdom Marine Lines to the Main Market. The company is one of the largest bulk ship owners in Taiwan with a market capitalisation of US$490m and becomes the first company from the region to issue GDRs on to London's Main Market.
Wisdom Marine Line's listing continues to build on London Stock Exchange's strong reputation as a partner for businesses based in Asia. Following the listing, there are now over 140 companies from Asia (ex-India) quoted in London. Wisdom Marine is the tenth business to list so far this year.
Alexander Justham, CEO of London Stock Exchange plc, said:
"London Stock Exchange is delighted to welcome Wisdom Marine Lines to the Main Market. As the Asia region grows from strength to strength, we continue to play a vital role in allowing the businesses that are driving this development to reach an international investor base. Companies from China, Taiwan, Malaysia, Indonesia, Singapore and South Korea are all represented on our markets, and it could not be more fitting on Asia Capital Markets Day to welcome a new entrant from the region."
Wisdom Marine Lines was among the companies and advisors from Asia who joined Kit Malthouse, Deputy Mayor of London for Business and Enterprise, as he opened trading at 8am this morning in a Market Open Ceremony at London Stock Exchange, to formally launch the Asia Capital Markets Day.
The full-day conference features international investor presentations and panels ranging from ‘Investing in Asia & Creating New Benchmarks' to ‘Trading Asia in London', discussing the increasingly close ties between Asia and London.
Companies attending from the region include Bright Food, Yoma Strategic Holdings and China Reinsurance.