Strong demand for SOS after listing

Stationery & Office Supplies was listed on the Junior Market of the Jamaica Stock Exchange on Thursday. The stock was offered to the public in mid-July at $2 each and was heavily oversubscribed, has bids to buy 98,660 units as high as $3.50 and 19,800 shares at $3.51.
No trade has taken place with 10,346 units being offered at $4.50, 10,000 units at $6 and 34,105 shares at $12 in the morning session.
Currently bids amount to buy more than 3.2 million units down to $2.50 up to $3.51. The stock exchange circuit breaker rule would restrict the maximum price the shares can trade at today at $2.60, and if it does not trade by the close, the maximum it can trade at on Friday would be $2.90. With bids at $3.50 and above currently, then it may not trade on Friday either if investors starts bids above $2.90 on Friday. Unless management intervene as they did for Express Catering it likely to be well into next week before the first trades would start.