MUMBAI: Bombay Stock Exchange Ltd (BSE) aims to list next year, its CEO said, in a deal that will raise the profile of Asia’s oldest bourse at a time of industry consolidation, as investors such as Deutsche Boerse AG get the opportunity to cash out.

The exchange expects to file a prospectus for its initial public offering (IPO) and get regulatory approval within six to nine months, Chief Executive Ashish Kumar Chauhan said.

The comment comes just weeks after the Securities and Exchange Board of India said it would allow BSE to apply.

Chauhan declined to comment on BSE’s valuation or the likely size of the IPO, but investment bankers involved in the process said the exchange could be valued at $750 million to $1 billion.