Stanley Motta shares were recently listed on the Main Market Jamaica Stock Exchange in late August after a successful initial public offering (IPO), which raised $4 billion for the Musson Jamaica, the sellers of the shares.
Investors were given the opportunity to be a part property rental business located at 58 Half-Way-Tree Road next door to New Kingston, the country’s premier business centre. The IPO which opened July 6 and closed on July 20, attracted just under 1,000 investors and is one of the issues since 2018 with the lowest number of investors who bought into the issue. That is not surprising as the issue was geared to long term investors. Since listing the stock that was sold at $5.31 has fallen in price and last traded at $4.60 but could well increase significantly, as it now boast a PE ratio of just 10 at the latest price.
58 Half Way Tree Road, boasts five buildings with more than 230,000 square feet of office space for BPOs and other technology-based companies.
Under 1,000 investors bought Stanley Motta
September 2, 2018 by
