Er­ic So­lis Mar­ket­ing Ltd has be­come the third Small and Medi­um En­ter­prise (SME)to be list­ed on the Trinidad and To­ba­go Stock Ex­change (TTSE).

TTSE man­ag­er of mar­ket op­er­a­tions Jase Tor­ry, hailed the de­ci­sion by Er­ic So­lis to get list­ed dur­ing a sign­ing cer­e­mo­ny at the TTSE of­fice at Nicholas Tow­ers, In­de­pen­dence Square Port of Spain

"The list­ing cer­e­mo­ny of Er­ic So­lis to­day marks a sig­nif­i­cant achieve­ment, not on­ly for So­lis, but al­so for the con­tin­ued growth of our SME mar­ket. With an ini­tial pub­lic of­fer­ing of 2,750,000 shares, Er­ic So­lis Mar­ket­ing Ltd is now part of a dis­tin­guished group of com­pa­nies that have recog­nised the val­ue of eq­ui­ty fi­nanc­ing as a dri­ver for growth and ex­pan­sion," said Tor­ry, who al­so hailed the role of NCB Mer­chant Bank in bro­ker­ing the deal.

NCB head of in­vest­ments, In­shan Go­sine said the move could pave the way for greater in­vest­ments in the lo­cal mar­ket.

"I think it is a re­al­ly nice blue­print for the coun­try and the cap­i­tal mar­kets. Be­cause NCB has been talk­ing about it a few years now, but the fis­cal in­cen­tives are now in place, which I know the stock ex­change would have lob­bied for. And it's re­al­ly a nice time to get a list in and cre­ate the mo­men­tum to get more and more list­ings and in­vig­o­rate the cap­i­tal mar­kets," said Go­sine who al­so praised the dig­i­tal ac­cess grant­ed to Er­ic So­lis's IPO.

Cin­e­maOne, which was list­ed in No­vem­ber 2018 and En­deav­our Hold­ing Ltd, which was list­ed in De­cem­ber 2019, are the two oth­er SMEs cur­rent­ly list­ed on the TTSE.

"We con­tin­ue to en­cour­age oth­er busi­ness­es to ex­plore the pos­si­bil­i­ties that eq­ui­ty fi­nanc­ing of­fers as a vi­able and sus­tain­able op­tion for their growth and de­vel­op­ment. This is a proud mo­ment for the TTSE as we con­tin­ue our mis­sion to sup­port the growth of SMEs to con­tribute, con­tribute over­all of eco­nom­ic de­vel­op­ment of Trinidad and To­ba­go," said Tor­ry.

Ac­cord­ing to a no­tice of the list­ing on the TTSE web­site on Fri­day, some 8,333,333 or­di­nary shares in Er­ic So­lis were list­ed at a price of $4 each on the SME Mar­ket.