JSE-listed Invicta Holdings has been approved for a secondary listing on A2X Markets, and will start trading shares on the exchange from August 13.
Invicta Holdings will list ordinary shares, with a market capitalisation of R2.6-billion, and preference shares, with a market capitalisation of R660-million, on the A2X.
The company operates in the industrial consumables, capital equipment and spare parts industries and employs around 4 000 people worldwide.
Invicta retains its primary listing on the JSE.
CEO Arnold Goldstone said the A2X listing provides investors a choice of venue on which to transact and an opportunity to save money.
A2X now has 28 listed entities, with a combined market capitalisation of more than R2.4-trillion.