List on the JSE’s Main Board if you have a well-established company and want to raise equity to grow your business exponentially.
The Main Board is where you will find the JSE’s Top 40 stocks, as well as securities like exchange-traded funds (ETFs), exchange-traded notes (ETNs) and warrants.
Almost a fifth of the companies on the JSE’s Main Board are dual listed. If a company’s primary listing is on the JSE , the company is regulated by the JSE. If a company has a secondary listing on the JSE, the company is regulated by its primary listing destination.
Companies have secondary listings to enable them to raise capital in markets other than the market opened up by their primary listing.
To list on the JSE’s Main Board, a company must have a sponsor. All interaction with the JSE takes place through the company’s sponsor.
Any JSE-listed company also needs to appoint a JSE-approved auditor and legal advisors with experience in capital markets.
Routes to market
The JSE offers companies and products through various routes to market. These include fast tracking, special purpose acquisition companies (SPACs), exchange-traded products (ETPs), sponsored and unsponsored depository receipts, and the listing of new and existing broad-based black economic empowerment (BBBEE) share schemes on a registered exchange.