Exponential Holdings to list on junior stock market

Another company is getting ready to list its shares on the Jamaica Stock Exchange (JSE) junior market.

Exponential Holdings will later this month commence an initial public offer (IPO) to raise more than J$400 million.

Ordinary shares amounting to 234.9 million will be available to investors at a fixed price of J$2 each. 

 The company plans to invest and hold the funds raised in the IPO in equities and the remainder in fixed income securities as well as cash.

It is anticipated that the shares will be converted to stock units and then listed on the junior stock market.

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