Michael Anderson, RoyalFidelity Merchant Bank & Trust’s president, said the Bahamian capital markets are still “far away from where we need to be”, despite the seeming early success of the Commonwealth Brewery initial public offering (IPO), which had attracted $36 million in subscriptions – some 57.6 per cent of the total amount sought – by Tuesday this week.
He said that while the Bahamian capital markets had “made a lot of headway” in comparison to where they were in the mid-1990s, all sector participants now needed to come together again to fix issues such as liquidity and chart a long-term direction.
