Pomeroon: "The Most Interesting IPO"

Axios, the American news website - an innovative leader in political and financial journalism - termed the Pomeroon Guyana Stock Exchange listing “the most interesting IPO”.

In a scoop by Business Editor Dan Primack, he highlighted the symbolism of Guyana’s first ever agricultural listing:

Why it matters: Guyana, home to fewer than one million people, is poised to become the world’s next petro-state, with Exxon Mobil’s first major oil production vessel arriving just the other day. But no one knows if tiny country’s government can properly manage the inflows, and companies like Pomeroon Trading could help preemptively diversify its exports (i.e., help Guyana avoid becoming the next Venezuela).
— Dan Primack, Axios
Illustration: Sarah Grillo/Axios

Illustration: Sarah Grillo/Axios

The article concludes:

The bottom line: Again, they’re only seeking to raise $1 million. That’s usually pocket change in this space. But, for both current Guyana residents and for the country’s diaspora, it’s an opportunity to invest locally at a time when one of the world’s largest companies just laid contractual claim to newfound natural resources.
— Dan Primack, Axios

You can find the full article linked here