/Caribbean Assurance Brokers to offer 52.5 million ordinary shares in its upcoming IPO

Caribbean Assurance Brokers to offer 52.5 million ordinary shares in its upcoming IPO

Insurance brokerage firm Caribbean Assurance Brokers Limited (CAB) is seeking to raise just over $100 million in an initial public offering (IPO) on the Junior Market of the Jamaica Stock Exchange (JSE).

According to the prospectus posted on Friday last, the IPO, which opens on February 18 and closes on March 3, will offer 52.5 million ordinary shares at a subscription price of $1.91.

Mayberry Investments Limited will be the lead brokers for the IPO and financial advisors for CAB.

Of the total shares that are being offered, 8,137,500 will be ordinary shares made available to the general public at the listed unit price, which will be allocated on a first come, first served basis.

http://www.jamaicaobserver.com/business-observer-daily-biz/caribbean-assurance-brokers-to-offer-52-5-million-ordinary-shares-in-its-upcoming-ipo_186894

By |2020-02-13T01:05:35+00:00February 13th, 2020|news|0 Comments

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