The Jamaica Stock Exchange (JSE) is looking to raise J$107.8 million (US$1,070,001.24) to retire debt and offer new services, according to its prospectus for an initial public offering (IPO) of its ordinary shares
The public would own over 19 percent of the company in a fully subscribed offer, translating to 27.4 million public shares at J$2.85 (US$0.028) per unit.
Additionally 3.8 million staff reserved shares are on offer at J$2.55 (US$0.025), while a final tranche of 7.01 million
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