Sri Lanka Sees Emerging Market Entry in 2015 on IPO Outlook
This article is for subscribers only.
Sri Lanka’s chief securities regulator said he aims to get the country’s stocks into the MSCI Emerging Markets Index as soon as next year.
Nalaka Godahewa, chairman of the Securities and Exchange Commission, said the island nation needs a company to list $500 million of equity to become eligible for promotion to the emerging-market index from the frontier-market gauge.