The state-owned bank First Citizens Bank (FCB) has launched its initial public offering (IPO) of more than 48 million ordinary shares on Monday in a move the bank said would be one of the largest single IPO offerings in the history of the Trinidad & Tobago Stock Exchange (TTSE).
The 48, 495,665 ordinary shares are being sold at TT$22 (US$3.43) each and will be withdrawn from sale on August 9.
First Citizens Bank hopes to raise TT$1.1 billion (US$172 million) which will be used to
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