TransJamaican massive IPO to come before March 2020

LBC NEWS
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The public is being advised to get ready for the largest Initial Public Offer, IPO, in Jamaica’s history.

The government is preparing to list TransJamaican Highway on the Jamaica Stock Exchange.

Finance Minister Dr. Nigel Clarke made the announcement at a press conference this morning.

Finance Minister Dr. Nigel Clarke

No details of the offer, such as the share price or opening date, have yet been revealed.

However, it’s understood that the government is hoping to have the transaction done before the end of the current fiscal year in March.

TransJamaican Highway owns and operates the Kingston to Sandy Bay, Sandy Bay to May Pen, and Portmore legs of Highway 2000.

Minister Clarke says the opportunity has arisen for a transition in ownership.

The arrangement is being led by NCB Capital Markets.

Staff Reporter

news@lbcnewsjm.com

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