Social Stock Exchange to launch in the autumn
The Social Stock Exchange is set to launch this autumn, advises its chief executive, who says charities should consider selling shares from their trading subsidiaries to be included on its platform.
Pradeep Jethi, chief executive of the Social Stock Exchange, made the comments yesterday at Action Planning’s Funding Your Future conference.
Jethi said the Social Stock Exchange was not technically a stock exchange where investments were bought and sold, but acted as a place where social investors could view socially-motivated companies delivering a social and financial return.
“It will provide a new window onto capital markets,” he said, "aggregating Plcs, which alleviate a social issue such as health or recycling, onto a social platform.”
Jethi said while charities were not Plcs it wanted to help them as much as possible to get involved.
He said an Italian not-for-profit organisation called Vita was listed on the Alternative Investment Market, a sub-market of the London Stock Exchange. He said other charities could consider taking the same route by selling shares in their trading subsidiaries.
This article was taken from Civil Society – http://www.civilsociety.co.uk/finance/news/content/14918