The Guernsey-registered business, with assets under administration in excess of $40bn and revenues of more than £30m, has around 300 staff across 10 jurisdictions.
Simon Thornton, PraxisIFM’s CEO, said: “PraxisIFM is thrilled to announce its listing on TISE, which will broaden further the group’s profile internationally and, in particular, within our target markets.
“This listing will strengthen our position as an employer of choice, enhancing our ability to attract and retain staff.”
The listing is said to provide the group with access to capital markets and the ability to gain a potentially attractive acquisition currency, for use were any suitable acquisition opportunity to arise.
Dr Thornton added: “The listing will also provide existing shareholders with a market for their shares.
During 2016 there were 502 new listings on TISE – up 18.7% on the previous year.
The market capitalisation of all listed securities on TISE last year increased by £36bn (10%) to reach £393bn at the end of the year.
Fiona Le Poidevin, CEO of The International Stock Exchange Group, said: “I am pleased to welcome PraxisIFM onto TISE. It is great to see such a well-known Channel Islands business choosing to list on the Exchange and demonstrating a path which other companies could follow.”
As a result of the listing, Andrew Haining and Iain Stokes are joining the PraxisIFM board as non-executive chairman and director respectively.
Mr Haining, who is chairman of Channel Islands airline, Aurigny, has extensive experience as a private equity investor and adviser.
Mr Stokes has extensive financial services experience. He holds a range of non-executive directorships on fund management and fund investment companies focused on alternative asset strategies.