Stadio Holdings Limited has been listed in the Specialised Consumer Services sector on the main board of the Johannesburg Stock Exchange. Stadio is the 15th company to list on the JSE this year.
Capital Markets at the JSE, says the exchange is proud to welcome Stadio to the market. “Education, and especially accessible tertiary education, is crucial to ensuring that South Africa has the skills necessary to foster economic growth and reduce inequality. The JSE is honoured to be able to contribute to the growth of this sector by providing a company like Stadio with access to a secure, transparent and highly liquid platform for capital raising.
Stadio is an investment holding company that focuses on the acquisition of, investment in, growth and development of higher education institutions to assist in meeting the demand for quality and relevant higher education programmes in Southern Africa.
Stadio is a subsidiary of private education group Curro and comes to market after Curro’s decision to unbundle its tertiary education businesses. It intends to acquire and grow existing registered higher education brands, fund further expansions of existing brands and oversee the greenfield development of new campuses.
Stadio Holdings Limited brings the number of companies listed in the Specialised Consumer Services sector to 4. The sector has a total market capitalisation of just over R25 billion.