The latest technology listing on the JSE, 4Sight Holdings, has had a successful market debut, trading above its listing price of R2/share.
The company touched an intraday high of R2.50/share and was last quoted — at 3.49pm — at R2.38/share.
4Sight, whose principal subsidiary is Digitata, a company that provides, among other things, services that allow mobile operators to offer dynamic tariffs depending on network load and other factors, listed in the non-equity investment instruments sector of the JSE’s AltX board aimed at small and medium-sized companies.
It is the 17th company to list on the JSE this year and the sixth to list on AltX.
4Sight operates in the telecommunications, media and property services industries, and uses big data, machine learning, artificial intelligence, blockchain technology and data science capabilities.
“We are the first technology company on the market that offers investors the opportunity to directly invest in the fourth industrial revolution,” said CEO Antonie van Rensburg in a statement.
- Listen to the podcast: Inside new JSE tech listing 4Sight Holdings