Tuesday March 24, 2020 | Jamaica Stock Exchange
Transjamaican Highway Biggest IPO on the JSE, Raising JA$14.1 Billion
Today, Transjamaican Highway Limited (TJH) lists its shares on both the Main and USD markets of the Jamaica Stock Exchange (JSE). The Company raised JA$14.1 billion, the largest amount raised from an Initial Public Offering (IPO) on the JSE. The prospectus of Transjamaican Highway Limited was published on February 4, 2020, with an Offer open date of February 17, 2020. The Offer opened on February 17, 2020 at 9:00 a.m. and closed on March 2, 2020, oversubscribed by 130%. A total of 36,062 applications, totalling JA$25.12 billion were received.