Wed, 18, Nov, 2020 07:01:00 GMT US Airbnb details years

Airbnb was losing money even before the pandemic struck and cut its revenue by almost a third, the home-sharing company revealed in documents filed yesterday ahead of a planned initial public offering of its stock.The San Francisco-based company has yet to set a date for the initial public offering (IPO), but it is laying the groundwork by filing financial records with US securities regulators.

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Tue, 27 Oct 2020 00:17:42 -0500 Ant Group set to become largest-ever IPO

China’s Ant Group will try to raise nearly US$35 billion in a public offering of shares in Shanghai and Hong Kong, which would make it the largest offering in history. Alibaba-affiliated Ant Group, which operates a suite of financial products...

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Wed, 14, Oct, 2020 07:01:00 GMT 2020: The year SPACS and APO's took hold in the equity markets

Unlike in 2019 when companies traditionally raised money through the route of initial public offering (IPO), 2020 has seen a total transformation in the United States and Jamaican markets as companies raise capital through special purpose acquisition companies (SPAC) and additional public offerings (APO).

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Mon, 05 Oct 2020 16:06:00 +0000 Intriguing week for IC TOP 10

Activity in the Jamaican stock market for the past two weeks was mostly on Barita Investments following the successful public offer of new ordinary shares, Tropical Battery, with the listing after their IPO success. the prices of both rose above the public issue prices with Barita trading at a 52 weeks’ high of $98 and […]

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Mon, 28 Sep 2020 14:04:10 +0000 Tropical Battery IPO oversubscribed

oThe Tropical Battery issue of 325 million ordinary shares at $1 each opened on Tuesday, September 22, was oversubscribed. The company exercised the option to close the offer early at the end of the opening day. The offer comprised shares sold by existing shareholders and by the company. The net proceeds that the company will […]

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Mon, 28 Sep 2020 14:21:31 +0000 Basis of Allocation – Tropical Battery Company Limited Combined Offer for Sale and Initial Public Offer

NCB Capital Markets Limited (NCBCM) has advised of the Basis of Allocation of Tropical Battery Company Limited’s combined Offer for Sale and Initial Public Offer (IPO), as follows: “Further to our letter dated September 22, 2020 informing the Jamaica Stock Exchange (“JSE”) of the closure of Tropical Battery Company Limited Combined Offer for Sale and […] The post Basis of Allocation – Tropical Battery Company Limited Combined Offer for Sale and Initial Public Offer appeared first on Jamaica Stock Exchange.

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Sun, 27 Sep 2020 19:13:16 +0000 Closed IPO & APO restore life to market

Oversubscribed public stock issues were the most pronounced development in the Jamaican stock market for the past two weeks. Barita Investments raised $13.5 billion from the public offer of new ordinary shares in the previous week and was joined by Tropical Battery, with their IPO that closed on the same day of opening, with a […]

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Fri, 25 Sep 2020 00:13:45 -0500 IPOs head for banner year on stock market’s strength

Companies that cater to the ‘new normal’ of working and shopping from home are rushing to go public. The year 2020 could turn out to be the best for the IPO market in two decades in the United States. Newly public companies have piggybacked on the...

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Tue, 22 Sep 2020 21:52:22 +0000 Early Closure of Tropical Battery Company Limited Combined Offer for Sale and Initial Public Offer (IPO)

NCB Capital Markets Limited, Lead Broker to the Offer, has advised that the invitation for subscription for participation in Tropical Battery Company Limited’s combined Offer for Sale and Initial Public Offer of ordinary shares made subject to the Prospectus dated September 9, 2020 closed early at approximately 4:30pm on Tuesday, September 22, 2020. The transaction […] The post Early Closure of Tropical Battery Company Limited Combined Offer for Sale and Initial Public Offer (IPO) appeared first on Jamaica Stock Exchange.

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Mon, 21 Sep 2020 12:57:31 +0000 Industries propose projects with Pension Fund

Santo Domingo.- The Dominican Republic Industries Association (AIRD) proposed that the new savings generated by the Pension Fund Administrators (AFP) can be placed in projects of public-private alliances (PPP), corporate bonds, public offerings (IPO), “among other ways that would lead to the creation of employment and well-being for Dominicans.” In a press release, the industries clarified that it is not a question of canceling the titles that already exist, but of “addressing regulatory issues that allow the funds of the AFPs and the liquidity they generate to flow towards investments that create dynamism in the economy, generate employment and a greater return to said funds that belong to the workers and that constitute a sacred capital for their retirement.” The AIRD, which met last week with President Luis Abinader, indicated […]

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Wed, 16 Sep 2020 00:08:57 -0500 Tropical Battery prices September IPO at one dollar

Energy storage company Tropical Battery is seeking $325 million of equity from the market in an initial public offering of shares priced at $1 per unit. The transaction as structured would reduce the Melville family stake in the 70-year-old company...

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Wed, 16, Sep, 2020 07:01:00 GMT Tropical Battery hoping to raise $325 million from IPO which opens next week

Topical Battery Company is hoping to raise $325 million from its initial public offering (IPO), which opens on Tuesday, September 22.The one dollar per share IPO closes just over a week later on September 30 with NCB Capital Markets acting as lead broker.

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Tue, 15 Sep 2020 12:09:34 +0000 IPOs are back the Tropical issue

Just when investors thought COVID 19 had killed off IPOs for this year, suddenly pops up, Tropical Battery‘s long-promised initial public offer. The prospectus for the issue is now available to the public. The issue for 325 million ordinary shares at $1 each of with up to 187.5 million units reserved for priority applications, opens […]

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Wed, 26, Aug, 2020 07:01:00 GMT Initial public offerings (IPO) slowly but surely moving to the digital platform

Before COVID-19 even touched the shores of Jamaica, several brokerage firms were moving towards enhanced digital means to process capital market raises which are typically initial public offerings (IPO).

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Wed, 26 Aug 2020 00:15:52 -0500 Alibaba’s Ant Group files for IPO

Ant Group, the financial technology arm of Chinese e-commerce giant Alibaba Group, on Tuesday filed for a dual listing in Hong Kong and Shanghai, in what may be the largest share offering since the coronavirus pandemic began. The initial public...

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Fri, 21 Aug 2020 00:23:59 -0500 Airbnb files preliminary paperwork for IPO, bans house parties

Airbnb filed preliminary paperwork to sell company stock on Wall Street, undaunted by a global pandemic that has taken some wind out of its home-sharing business. The San Francisco company said it submitted a draft registration statement to the...

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Fri, 14, Aug, 2020 07:01:00 GMT Clarke explains new CAP agreement with Noble Group

Minister of Finance and the Public Service Dr Nigel Clarke says that the new commercial agreement between the government and its joint venture partner, the Noble Group, is an important step towards incorporation and an initial public offering (IPO) for the Clarendon Alumina Production Limited (CAP).

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Fri, 14 Aug 2020 00:24:05 -0500 CAP to pay off debt in lay up to Jamalco IPO

Co-owner of Jamalco alumina refinery, Clarendon Alumina Production Limited, CAP, will pay off a large portion of its debt, which in turn would improve its overall equity position in the lay up to the refinery’s planned listing on the stock...

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Fri, 14, Aug, 2020 07:01:00 GMT Clark explains new CAP agreement with Noble Group

Minister of Finance and the Public Service Dr Nigel Clarke says that the new commercial agreement between the government and its joint venture partner, the Noble Group, is an important step towards incorporation and an initial public offering (IPO) for the Clarendon Alumina Production Limited (CAP).

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Sun, 26, Jul, 2020 07:01:00 GMT Uptick on equity market

FOLLOWING the negative impact of COVID-19, there seems to be a recovery in the local equity markets as several firms have stated their intention to raise billions of dollars in fresh equity capital. Before the advent of the pandemic, the Jamaica Stock Exchange (JSE) had achieved growth of 36 per cent over 2019 and saw $34.03 billion in capital raised in the form of initial public offerings (IPO's), additional public offerings (APO) and rights issues.

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Mon, 20 Jul 2020 19:53:36 +0000 GWest results a plea for better IPO standards

Investors in GWest public share offer were supposed to be swimming in a pile of profit by now, according to the forecast of revenues and profit included in the company’s prospectus back in 2017. Nearly three years after the public issue, they only have a depressed stock to look at, with no sign of relief […]

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Wed, 15, Jul, 2020 07:01:00 GMT Profits rise at Wigton Windfarm

Wigton Windfarm recorded a 34 per cent jump in net profits to $662.7 million for the financial year ending March 31, 2020 with the share price increasing by 40 per cent from its initial public offering (IPO).

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Tue, 02 Jun 2020 10:00:47 +0000 Walkers Acts As Counsel To GAN Limited

Walkers Limited recently acted as Bermuda counsel to GAN Limited as the company migrated its existing shares from the AIM London stock exchange in order to list on the Nasdaq stock exchange. The company said, “Walkers is pleased to have acted as Bermuda counsel to GAN Limited [GAN] on the successful restructuring of GAN plc […](Click to read the full article)

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Thu, 14 May 2020 09:51:18 +0000 Walkers Acts On GAN Limited’s Nasdaq IPO

Walkers Limited acted as Bermuda counsel to GAN Limited’s Nasdaq listing. A spokesperson said, “Walkers is pleased to have acted as Bermuda counsel to GAN Limited [GAN] on the successful restructuring of GAN plc and the subsequent $62.4 million fundraise on Nasdaq Capital Market under the symbol GAN. GAN is a Bermuda company. “Walkers acted […](

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Wed, 25 Mar 2020 04:55:59 +0000 Trans Jamaican dives 21% to $1.12

Shares of Trans Jamaican Highway, the most recent initial public (IPO) offer in Jamaica, were listed on the main and US dollar markets of the Jamaica Stock Exchange on Tuesday, with the price declining in trading 21 percent at the close, from the J$1.41 IPO price. The stock dominated trading with the highest volume for […]

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