In Tunisia, Sidenor’s decision to report its introduction on the local stock exchange is diversely appreciated. The company which produces construction materials pointed out the market condition to explain its report.
However, in the investors’ community, there are divided opinions. Some praise the initiative which is proof of the company’s corporate responsibility. They even think that for small shareholders who are usually the big losers in case of market crashes, guarantees should be requested from issuing companies. On the BVMT, many companies which entered the market promising strong revenue estimates are valued under their IPO price.
Other analysts while praising Sidenor’s choice remind that investing funds in a listed company is taking a risk and this risk should be measured and understood.
Idriss Linge
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