Wednesday, April 25, 2018

Finance: Jamaican IPO Market on A "High" for 2018

According to sources, the brokerage community is working assiduously to have between two and four IPOs on offer each month for investors. 

That said, several brokerages have already put it to the market as to what is next.

Stocks & Securities Limited is expected to have Everything Fresh ready within the next few weeks.

The market says that Mayberry Investments Limited (MIL) is expected to offer as many as six IPOs in the coming months. MIL is slated to offer their own subsidiary, Mayberry West Indies, which has been rebranded to Jamaican Equities. Then MIL could also offer Wigton Windfarm, Caribbean Assurance Brokers and Neveast Supplies.

According to investment anaylst, John Jackson, other IPOs that are expected include Jamaica Plumbing and Supplies, Jamaica Public Service Company, with the government wanting to dispose of its share in the power company and KIW International that has taken the decision to have the shares relisted.

Jackson also shares that UCC Online, a segment of University College of the Caribbean, is expected to come to market, and Sygnus Capital Investments should also.

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