Wed, 02 Oct 2019 00:24:55 -0500 MPC board approves plans for rights issue

The rights issue planned by MPC Caribbean Clean Energy is targeted to raise more than two times the proceeds of its initial public offering, IPO, last December, the Financial Gleaner understands. MPC Caribbean’s board approved the rights issue a...

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Tue, 01 Oct 2019 15:56:36 -0500 Details of TransJamaica Highway IPO set for Thursday

By mid-morning on Thursday, Jamaicans should know the details of the much-anticipated TransJamaica Highway Initial Public Offering. There have been high expectations surrounding the listing after it was reported by the Finance Gleaner. READ:...

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Tue, 01 Oct 2019 00:26:26 -0500 WeWork IPO postponed

WeWork’s new leaders formally suspended a planned stock market début on Monday as they seek to repair the battered image of a company that appeared to revolutionise the office-rental industry and was poised just weeks ago to go public with a value...

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Mon, 30 Sep 2019 14:14:42 +0000 11 companies mull IPOs with trusts, bonds

Santo Domingo.- Securities superintendent Juan Ernesto Jiménez recently revealed that some 11 companies explore their entry to the stock market through trusts and corporate bonds, and others that only await the update of the regulatory and tax framework to launch their IPO He said to date there are five approved public IPOs for trusts, but that there are currently legal and tax hurdled that stop the issuance of corporate shares in the capitals market. “There is currently a tax lock in relation to the issuance of shares, one of a legal nature, which is the one that was introduced in the tax reform of 2012 and which says that the one who buys a share is a joint guarantor of the capital gain that could having had and an administrative […]

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Sun, 29 Sep 2019 00:15:55 -0500 Ganja exports, IPOs touted as SAFE winners - Jamaican ganjapreneurs cheer prospects for marijuana trade from new US banking bill

A new legislative bill in the United States is paving the way for banks to do business with marijuana companies, a development that has sparked hope among Jamaican ganjapreneurs that correspondent banking issues and other roadblocks to business may...

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Fri, 27 Sep 2019 19:27:19 +0000 In a first, Dominicans can buy shares in a local company

Santo Domingo.- Now anyone who wants to own a part of the dairy company Pasteurizadora Rica can do so, with the IPO Friday of the securities Rica 03-FU, through which people can invest from RD$1,000 in one of the most traditional Dominican companies. According to its executives, people have shown excellent interest in investing in the company, thanks to the strength and popularity that it has earned among Dominicans. In the first tranche, people can invest through a trader in the market, until October 17. The launching ceremony was held Friday at the facilities of the Stock Market of the Dominican Republic (BVRD).

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Wed, 18 Sep 2019 22:09:19 +0000 QWI Investments IPO oversubscribed

NCB Capital Markets advised that the invitation for subscription of 600 million shares with an option to upsize to 900 million units by QWI Investments closed on Wednesday morning. The share offer was by way of a prospectus dated September 9, 2019, in respect of ordinary shares at the price of $1.35 to the general […]

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Thu, 12 Sep 2019 04:48:24 +0000 More decline for JSE main market – Wednesday

The Jamaica Stock Exchange main market closed down on Wednesday, with advancing outpaced by declining stocks for the second consecutive day as some investors seek cash to buy into a new IPO that is on offer in the market. The market ended, with 36 securities trading in the main and US dollar markets, leading to […]

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Wed, 11 Sep 2019 00:27:35 -0500 QWI Investments IPO sparks rush on Jamaican Teas shares

Trading in Jamaican Teas shares halted the circuit breaker twice on Tuesday as investors rushed to take advantage of a narrow window until September 16. That’s the final day for shareholders on record to benefit from the eight per cent discount on...

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Tue, 10 Sep 2019 09:46:52 +0000 QWI IPO opens next week Monday

QWI Investments, a recent start-up investment company’s initial public offer of shares opens on Monday, September 16, with the sale of 600 million units. The company has the option subject to the Financial Services Commission, to upsize the amount to 900 million shares if demands warrant it. Shares are being offered to the general public, […]

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Sat, 07 Sep 2019 20:13:44 +0000 New IPO coming in days

The Jamaica Stock Exchange should be welcoming another new main market listing, before too long as the latest new entrant to come with an initial public offer, is expected to present their case to the investment public in the coming week. The issue hopes to raise just over $1 billion that would see shareholders’ equity […]

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Fri, 06 Sep 2019 00:27:15 -0500 Saudi prince sees Aramco IPO as key to overhaul kingdom

Saudi Arabia’s renewed push to publicly list its most valuable asset, Aramco, is part of a high-stakes masterplan by Crown Prince Mohammed bin Salman to overhaul the economy and prepare the country for a future less dependent on oil for survival....

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Fri, 09 Aug 2019 17:16:38 +0000 Another First on the JSE Main Market: Listing of Sagicor Select Funds Limited

Managers from Sagicor Investments Jamaica Ltd beamed with satisfaction as the Company cements Sagicor Select Funds Limited successful Share Issue as the second largest IPO to be listed on the Jamaica Stock Exchange in its 50 year history. (L-R) Mr. Reynaldo Thompson - Manager of Research, Portfolio and Fund Management; Mr. Kevin Donaldson - Chief Executive Officer and Mrs. Natalie Brown - Assistant Manager Capital Markets (right). Supporting the historic occasion is Mrs. Suzette Whyte, JSE's Financial Controller (2nd R). The post Another First on the JSE Main Market: Listing of Sagicor Select Funds Limited appeared first on Jamaica Stock Exchange.

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Thu, 01 Aug 2019 00:03:43 +0000 Eppley Caribbean Property Fund Limited SCC Value Fund – IPO Closed

The Invitation for Subscription made by Eppley Caribbean Property Limited SCC subject to a prospectus dated June 14, 2019 in respect of cellular shares in the value fund at the price of J$46.18 per share closed at approximately 4:30 p.m. on Wednesday, July 31, 2019. The post Eppley Caribbean Property Fund Limited SCC Value Fund – IPO Closed appeared first on Jamaica Stock Exchange.

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Wed, 31 Jul 2019 04:46:15 +0000 3 days listing triples the Lab’s value

Investors in the advertising agents, Limners and Bards (the Lab) saw their investment tripling with just three days of listing on the Junior Market, helping to push the market index to a record closing high. The Lab that went to the market with an IPO price of $1, climbed to $3 at the close of […]

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Tue, 30 Jul 2019 16:46:00 +0000 Record high for junior Market

The Junior Market of the Jamaica Stock Exchange has gained 58 points to reach a record high of 3,442.41, after just over two hours of trading and is now above the record closing high reached on September 20, 2018, of 3,436.31. The Lab traded at $3 to record a 200 percent gain since the IPO […]

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Tue, 30 Jul 2019 04:23:20 +0000 The Lab doubles price in two days

Advertising agents, Limners and Bards, the most recent listing on the Junior Market, more than doubled the $1 IPO price since listing on Friday, after rising 80 cents on Monday to close at $2.10. The stock is one a day when 34 securities changed hands, down from 30 on Friday, as prices of 11 securities […]

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Sun, 28 Jul 2019 06:36:50 +0000 The Lab jumps IC TOP 10

Fresh from its recent successful IPO, shares of Limners and Bards (The Lab) were listed on the Junior Market on Friday. Just 100 shares traded at $1.30 but the stock ended with the bid at $1.60 and it dropped out of the IC Junior Market TOP 10. The Lab earnings for the current fiscal year […]

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Thu, 25 Jul 2019 00:04:52 +0000 Limners and Bards (LAB) IPO – Basis of Allocation

NCB Capital Markets Limited has informed the Jamaica Stock Exchange Limited (JSE) of the Basis of Allocation for the The Limners and Bards Limited (LAB) Initial Public Offer. The methodology for allotment of Ordinary Shares is as follows: Reserve Share Pools Applicants in the Employee Reserved Shares Pool will receive a base plus a pro-rata […] The post Limners and Bards (LAB) IPO – Basis of Allocation appeared first on Jamaica Stock Exchange.

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Wed, 24 Jul 2019 23:52:32 +0000 Delay in Submission of Details and Basis of Allotment – Sagicor Select Funds Limited IPO

Sagicor Investments Jamaica Limited has provided the following notice dated July 24, 2019, regarding the delay in the submission of  details and basis of allotment for Sagicor Select Funds Limited IPO: “1.   Sagicor Financial Select Fund will not be able to submit the details and basis of allotment pursuant to its IPO that closed its subscription […] The post Delay in Submission of Details and Basis of Allotment – Sagicor Select Funds Limited IPO appeared first on Jamaica Stock Exchange.

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