Tue | Jun 2, 2020

Holness expects February listing for TransJamaican Highway

Published:Wednesday | January 22, 2020 | 12:12 PM
File photo

Investors can expect the release of the prospectus for TransJamaican Highway and its possible listing in February, according to Prime Minister Andrew Holness.

TransJamaican is already projected to be the largest initial public offering of shares ever on the Jamaica Stock Exchange (JSE).

The transaction is already touted to raise about two to three times more than $5.5 billion garnered by the Wigton IPO.

READ: TransJamaican IPO projected to triple Wigton subscriptions

READ: NCBCM boss applauds potential of TransJamaican listing

Both are state assets that the government has chosen to privatise via the stock market.

“It will be listed shortly, and I am hoping sometime in early February,” said Holness at the opening of the annual JSE Investments and Capital Markets Conference on Tuesday night in New Kingston.

“It will be another opportunity for Jamaicans to invest in a piece of Jamaica,” he said.

Investors had expected the toll road concessionaire to go to market before the end of the fiscal year, that is, ahead of March, but Holness’ announcement makes the timeline more precise.

 - Steven Jackson

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