2020 IPOs offer opportunities but

Investors can look forward to 20 new listings for the Jamaica Stock Exchange in 2020, split equally between Junior and Main Market stocks, information from the Jamaica Stock Exchange indicates.
The final number could be more, or it could end being less than the above number. Over the past two years, offers of new shares on the market affected demand for stocks already listed on the exchange at the time of the offering, as some investors disposed of exiting stocks to raise funds to invest in the new offerings. Switching stocks had more impact in the Junior Market than the Main Market. Investors can expect more volatility this year if the new offers come close to the number mentioned above. The sell-off of existing stocks offers investor opportunities to pick up some good quality stocks at bargain prices.
First Rock is the first issue to come to the market to take up a large sum to expand its operation with more real estate acquisitions. Government-owned Trans-Jamaican Highway comes to market and could pull $14 billion from the market, and could add several thousand new investors to the market as the publicity associated with the issue attracts new investors. Caribbean Assurance Brokers is the third for 2020 and as they seek $100 million in new capital. Alliance Financial Services’ initial public offer is scheduled to come in February or early March, with the broker being JMMB Securities.
Others that expressed an interest in 2019, to list include, Tropical Battery, AJAS, Marathon Insurance Brokers, ARC Manufacturing, Express Fitness. Government of Jamaica’s ownership in the Jamaica Public Service Company, Jamaica Mortgage Bank, Factories Corporation, while UDC should have some entities that should go as well.
Grace Kennedy Capital Market
has five issues working on to come to market during the year; one is said to be in the food flavouring business.

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