Productive Business Solutions’ prospectus for its Initial Public Offer (IPO) is expected to be available to the public on June 29, when it will be posted on the Jamaica Stock Exchange website.
The company, a member of the Musson Group, is slated for listing on the US dollar market of the Jamaica Stock Exchange. The price will be $0.55 with the target is to raise US$41.5 million.
Revenues are said to be in the order of US$200 million with EBITA of US$20 million. The company is the largest dealer for Xerox equipment and generates 60 percent of revenues from the Central American region and 40 percent in the Caribbean with 5 percent in Jamaica. Other brands the company represents are Cisco, Oracle,GMC, Triplite and Engatel.
NCB Capital Markets are the brokers handling the deal IC Insider.com has been reliably informed. The shares will be the fourth listing of ordinary shares on the US$ market of the Stock Exchange.
According the company’s website, they are the largest IT and Technology Company in Central America and the Caribbean covering 22 countries and a US$202 million multinational company employing 1,300 employees. The Musson Group has Eppley, General Accident and Seprod that are listed on the Jamaica Stock Exchange.
The Musson Group is a diversified conglomerate operating most specifically as a distributor, logistics partner, manufacturer and sales and marketing company for many global brands, and some of its own branded products in 33 countries worldwide.
IC Insider.com has also understood that a major and popularly known group with a diverse product mix has recently taken a decision to list on the Jamaica Stock Exchange. Currently, it is not known the timing for the listing or the size of the amount to be raised. IC Insider.com will keep updated as soon as more information is available.
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