Last year (2017), was a great year for Jamaican stocks with prices of several stocks more than doubling on the Jamaican Stock Exchange and 10 new companies listing on the exchange.
2018 seems poised to be another year for a number of new issues on the market as business owners take advantage of a buoyant market for equity investments.
The local market should have new 9 issues, Marlene Streete-Forrest, the JSE Managing Director confirmed. Streete-Forrest expects that 5 issues will list on the Junior Market and 4 for the main market. New financial entity Sygnus Capital is said to be heading to the public in January. Other listings expected shortly are Caribbean Insurance Brokers, NevEast and Elite Diagnostics. University College of the Caribbean with its main operations in Kingston, Jamaica, is expected to be the first educational institution to seek to list on the stock exchange. The listing is expected to take place in the first quarter of 2018. Mayberry Investment is also expected to bring their subsidiary, Mayberry West Indies to market by February.
In 2017, the Jamaica Stock Exchange had 10 new companies listing on the exchange, including 2 new companies listing preference shares. Two new listings were on the main market one on the US dollar market and 5 on the Junior Market.
Scotia Investments, Trinidad Cement, Montego Bay Ice and Margaritaville preference share were delisted during the year.
9 new IPOs for 2018
A unique listing could be your next IPO
There is no listing even close to the next likely listing slated after Main Event comes to market, on the Jamaica Stock Exchange. It has no walls, no buildings, no one place of business, no borders, yet it could be a most profitable venture for investors.
Mayberry Investments, the broker bringing the Main Event IPO to market seems set to be the broker bringing this unique listing to the market by January as the Jamaica Stock Exchange opens up to some never before thought of companies that can be listed.
The junior market started off with a most unique company, Access Financial in 2010. That it was a financial entity was not unique, but lending to the lower end of the market was seen by many as a sure way to give away capital and making good Profit was unique at least to stock market investors. The IPO was greeted by howls of outcry of the rape that the promoters were inflicting on the investing public. History has proven the naysayers wrong and that first listing set the stage for one of the most successful ventures that the local stock exchange has pursued.
Jetcon, a used car dealer, caused the eyes of many to pop in bewilderment as they never conceived that such a venture could interest investors much less prosper. Main Event can be considered unique but the next listing lined up, is so different from the others, that it is bound to cause investors to wonder and ponder about it for a long time.
Since 2010, UCC has extended the opportunities for students in Jamaica and the Caribbean to experience a higher education through its online accredited degree programmes.
The prospectus is at an advanced stage with a few matters to be sorted out IC Insider source stated.