A Local company, Myanmar Strategic Holdings (SHWE) has announced its intention to float on the London Stock Exchange. It is expected that the admission will become effective and that dealings will commence in late August 2017, under the ticker SHWE. The organization seeks to raise around $4.3 million on debut, giving the company a circa $23 million market capitalization.
Enrico Cesenni, CEO and founder of MSH, said: “I am pleased to be announcing our intention to float on the London market. The listing and new funds will initiate a transformational period for the company, as it prepares to scale up its operations in Myanmar. “Myanmar represents an excellent opportunity, both for the local people and for investors. Its re-emergence after years of isolation means that it is now enjoying a rapid period of growth and development as it converges with its South East Asian neighbors. As the country’s urban population increases, and average consumer incomes continue to rise, preferences are shifting towards higher quality products and experiences and the country has the potential to be the next great economic growth story. “With an established track record of execution in Myanmar, extensive experience in investment management, advisory and deal making and with capital available to fuel the development of the group, we now look forward to helping our businesses and their local communities plan for the future and unlock their potential.”
Founded by former Goldman Sachs employee Enrico Cesseni in 2013, Myanmar Strategic first focus was on Myanmar’s hospitality and education sectors. It launched Hospitality division in 2014 and commenced domestic expansion in 2015. Moreover, it diversified into Education in 2016 with the acquisition of the exclusive rights to develop Pearson’s Wall Street English (“WSE”) brand in Myanmar.
