Jetcon listing slated for Thursday

Jetcon Corporation coming on the heels of a successful issue of shares to the public that opened on Monday March 14, in respect of 44,500,000 ordinary shares is expected to start trading on Thursday, March 24 with the listing committee meeting on Tuesday to consider and approve the listing.
The offer closed shortly after opening on Monday after it was oversubscribed. A total of 256 applications covering $113 million were received. Applications of all reserved shares were fully satisfied while the general public got the first 5,000 Shares applied plus 83.11 percent of the balance. The shares were sold to the public at $2.25 each. the closure left some investors out in the cold as they missed the early closing time of the offer.
Listing on the junior market will result in no corporate taxes being paid for 5 years from the time of listing. Jetcon reported profit of $50.6 million for the 2015 year and enjoyed 45 percent increased revenues for the first two months of 2016 ahead of the similar period in 2015, accordingly, IC Insider rate the stock Buy Rated.