As of June 2022, people could start buy actions in it Stock market Dominican.
“The entire procedure is now ready and approved for the first public offering shares to be issued in the country,” reported the superintendent of the Stock marketGabriel Castro.
Castro explained to Free Journal that “perhaps at the end of this month” the company’s emission offers will begin to be known Cesar Iglesias and that the amount with which they will make the public offer will depend on the company, as issuer.
He valued as a milestone the process that was carried out so that the country had the opportunity to negotiate with shares in the market. “This is the beginning of a great process that will give greater strength to the national industry because it will have alternative sources of financing,” added the superintendent.
He argued that share issues are the door to improve competitiveness and a link for Dominican companies to transcend the international market.
At the beginning of April, the Superintendence approved the first program of issuances of ordinary or common shares of the capital market industry to Cesar Iglesiasa company with more than 100 years leading more than 60 mass consumption brands.
With this step, Cesar Iglesias becomes the first company in the country to put part of its shares for sale to the public that invests in the market.
Gabriel Castro spoke about this topic today, at the end of a thanksgiving mass in commemoration of the XIX anniversary of the Superintendence of the Stock market of the Dominican Republic (SIMV), in the San Juan Bosco Parish in the morning hours.
The religious ceremony, officiated by Reverend Father Edison Capellán Pascual, was attended by members of the National Securities Council and representatives of the financial sector, who congratulated the work of Superintendent Castro.
