Taking stock

Over the years, many people have questioned why the Isle of Man does not have a stock exchange, and whether it actually needs one. However to answer this, it is first worth exploring the rationale behind why a company might have the desire to list on any stock exchange. These are many and varied but the following provide a brief summary of the traditional reasons: To access capital for growth, both during flotation and later through further issues; To create a market for its shares, broadening its shareholder base and potentially giving existing shareholders the chance to exit;...