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 moving from $700 million to nearly $2 billion if the maximum target is reached. The pricing of the issue is expected to be less than $1.40 per share.

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