The Jamaica Stock Exchange is expecting at least 14 new listings of ordinary share in 2017, Marlene Street-Forrest, General Manager of the Stock Exchange told IC Insider.com. Street-Forrest says “this is information provided by brokers as well as enquiries made to the exchange, by interested companies.”
Two bond issues are also expected to be listed as well. There is the possibility of another listing which could be a relisting of a company that was previously listed years ago.
Ten new listings are slated for the junior market with 4 coming for the main market. Listings could start from as early as January or February.
The industries the potential junior market listed companies are involved in include one from information technology, two from the financial sector including a micro finance entity, a restaurant operation,
Minister of Finance Audley Shaw has restored junior market tax break.
The junior market listing activity was stalled while the business sector awaited the restoration of the tax incentive for the junior market. That legislation was passed by the senate on Friday Mrs Street-Forrest confirmed to IC Insider. The last listing of ordinary shares on the junior market was in March just ahead of the planned phasing out of tax free status for new listings on the exchange.
If the listings materialise, they would swell the junior market by a third and take the total listings on the exchange to more than 100, with the number of ordinary share listings to 80.
