GSE gets first listing by educational institution next month

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The Ghana Stock Exchange (GSE) is set to have its first listing by an educational institution in May this year.

This is because the holding company for Meridian Pre-University and Marshalls University has begun an IPO till May 22.

Beginning its public share offer on April 22, 2015, Meridian-Marshalls Holding is hoping to raise GH¢2.5 million by issuing 25million shares at a price of 10 pesewas each.

According to the Managing Director of Meridian-Marshalls Holding, Dr. Tettey Nartey, the company will use the money raised through the IPO for expansion projects for the school - including building infrastructure and to boost its ability to deliver world-class education to students.

The holding company will, however, be listing the shares of the two educational institutions on the alternate market of the GSE.

Meanwhile Managing Director of the Ghana Stock Exchange, Kofi Yamoah, says the move by the Meridian-Marshalls would encourage other educational institutions and other sectors that are yet to list on the market to do so.

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