London Stock Exchange Welcomes Fairview International to the Main Market
London Stock Exchange Group (LSEG) today welcomes Fairview International, the operator of international schools following the International Baccalaureate curriculum, following the Company’s successful admission to the Main Market for listed securities. Fairview International’s Ordinary Shares were admitted to trading at 08:00 BST on 11 October 2024, under the ticker “FIL”.
Fairview operates two private independent schools in Malaysia that offer the International Baccalaureate programme. One of these schools is located in Kuala Lumpur, the capital of Malaysia, and the other is located in the southern state of Johor close to the border with Singapore. These schools trade under the Fairview brand which was founded in 1978. There are three other schools in Malaysia and one in the United Kingdom that also trade under the Fairview brand, which are outside of the Company’s group but to which the Company provides administrative services.
The Company plans to develop a wider network of schools which can offer international education including the International Baccalaureate programmes both in Asia and the UK. With a rise in popularity of the IB programme around the world, the Directors believe that the Company’s schools will appeal particularly to the ASEAN, China and Hong Kong market.
“The conclusion of our IPO is the beginning of the next step in our expansion as we seek further opportunities to grow the Fairview network of schools in Asia and the UK. According to the Asian Development Bank, the middle class in Asia will number 3.5 billion and account for over 65 per cent. of the global middle-class population by 2030. The IB curriculum’s emphasis on critical thinking, global citizenship and multilingualism aligns closely with the values and aspirations of many Asian families. We believe that Fairview is well placed to serve this rapidly growing marketplace, through both organic growth and by successful acquisition and integration.”
“The Fairview network is over 40 years old with a commitment to providing high quality international education at a competitive cost. Being a publicly listed company on the London Stock Exchange further distinguishes us and underlines our ambition to grow our schools and reputation. We are very proud to begin Fairview’s journey on the LSE.”
Daniel Chian
Chairman of Fairview International
The Directors believe that Admission represents an important milestone in Fairview’s ongoing development by raising its profile, widening its shareholder base and providing potential access to development capital as it seeks to add further schools to the Fairview brand.
Find out more about Fairview.
