Jamaica offers shares in TransJamaican Highway

Jamaica offers shares in TransJamaican Highway

IPO Equity Project & Infrastructure Finance Jamaica Caribbean

Jamaica's National Road Operating and Constructing Company (NROCC) could earn as much JMD14.1 billion ($101 million) from an initial public offering (IPO) by TransJamaican Highway (TJH), a toll road concession that the government took over last year. NROCC has offered to sell at least 64% of TJH, or 8 billion common shares, but it could increase the size of the deal to 80%, or 10 billion shares, according to a prospectus filed with the Jamaica Stock Exchange (JSE). The company has priced each sh

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