ISE ‘too small for IPO’, says chief executive

IRISH Stock Exchange (ISE) chief executive Tom Healy said yesterday that the Dublin market was too small for an initial public offering, adding that it was in no hurry to consolidate.

“We’re probably too small and we don’t need the money,” Mr Healy told reporters on the sidelines of a financial markets conference.

He also said the exchange had not been approached about a takeover at a time of intense speculation over industry consolidation.