Cboe launches new global listing capability

Yasmine Raso

Senior Journalist, Financial Newswire

6 June 2023

Cboe Global Markets has unveiled a first-of-its-kind global listing framework, Cboe Global Listings, enabling access worldwide to capital and secondary liquidity for companies and exchange traded funds (ETFs).

The new capability allows companies to publicly list on its US stock exchange, after which Cboe-listed stocks in the US and Canada will also be made available for trading in the UK and Netherlands, with Australia soon to follow.

Cboe Global Listings seeks to enable corporate and ETF listings across all its exchanges, providing a “seamless ‘intralisting’ experience” within one exchange group. It is focused on purpose-driven innovation, concentrating on growth companies with fresh business models and products that are building the economies of the future.

“Cboe has built an expansive, global equities footprint unrivalled in the industry that uniquely positions us to deliver the first-ever truly global listing experience for issuers seeking to tap new markets beyond their home region,” Dave Howson, Global President of Cboe Global Markets, said.

“The new Cboe Global Listings offering draws on our 50 years of markets expertise, deep regional experience in all the jurisdictions where we operate, and the combined strength of our global equities exchange network to provide locally optimized and centrally coordinated listing services and support.

“As companies and asset managers of the Innovation Economy seek to raise capital and grow their assets, our global reach and expertise are ideally suited to meet their unique needs.”

As part of the launch, Cboe Global Listings also announced its first “intralisted” issuer on the global platform, Abaxx Technologies, which is currently listed on Cboe Canada. The software company is focused on developing tools and solutions to make transactions, trade and communication more seamless for markets dealing with society’s biggest challenges including climate change and the green economy transition.

“Abaxx has been a valued partner of Cboe Canada over the years, and we are excited to deepen our relationship by welcoming them to the Cboe Global Listings network,” Jos Schmitt, President and CEO of Cboe Canada and SVP, Head of Global Listings for Cboe Global Markets, said.

“Through our extensive global exchange network, Abaxx can access key financial markets around the world to gain greater investor exposure, liquidity, and capital-raising opportunities to accelerate their growth – in addition to benefiting from Cboe’s best-in-class global service and support.

“Our mission is to help a regional listing transition to a global success, and we are committed to championing Abaxx’s continued growth as the first intralisted issuer with Cboe, the Exchange for the World Stage.”