Highlights
- Tropical Battery received strong institutional support in an oversubscribed IPO on the Jamaica Stock Exchange
NCB Capital Markets Limited, the lead broker to Tropical Battery Company Limited’s initial public offer (IPO), advised that the transaction was oversubscribed. The prospectus offered up to 325 million ordinary shares in the company, priced at one dollar per share. Tropical Battery intends to use proceeds to improve its business; offer new product lines; expand and renovate retail stores; expand parking and acquire and install information technology systems for greater efficiency.
For more, see:
https://www.loopjamaica.com/content/early-closure-tropical-batterys-ipo
