Myanmar Strategic Holdings has announced its intention to float on the London Stock Exchange.

The independent developer and operator of consumer-focused businesses is based in Myanmar, one of the fastest growing economies in the world.

The organisation seeks to raise around $4.3 million on debut, giving the company a circa $23 million market capitalisation.
Myanmar Strategic Holdings’ ticker will be SHWE.

Enrico Cesenni, founder of MSH, said: “I am pleased to be announcing our intention to float on the London market.

“The listing and new funds will initiate a transformational period for the company, as it prepares to scale up its operations in Myanmar.

“Myanmar represents an excellent opportunity, both for the local people and for investors.

“Its re-emergence after years of isolation means that it is now enjoying a rapid period of growth and development as it converges with its South East Asian neighbours.

“As the country’s urban population increases, and average consumer incomes continue to rise, preferences are shifting towards higher quality products and experiences and the country has the potential to be the next great economic growth story.

“With an established track record of execution in Myanmar, extensive experience in investment management, advisory and deal making and with capital available to fuel the development of the group, we now look forward to helping our businesses and their local communities plan for the future and unlock their potential.”

The listing will offer UK investors exposure to resurgent Myanmar consumer sector and its anticipated growth in discretionary spending.

The country recently re-opened its doors after years of isolation and is enjoying rapid growth.

According to the Asian Development Bank, Myanmar was one of the fastest growing economies worldwide achieving real GDP growth of 6.4 per cent in the year ended March 2017 and 7.3 per cent in the year ended March 2016.

Since 2011, tourism has seen significant growth in Myanmar.

Revenues and arrivals have both been increasing, up nearly 500 per cent to approximately $2.1 billion and 4.7 million, respectively, in fiscal year ended March 2016.