FOLLOWING the negative impact of COVID-19, there seems to be a recovery in the local equity markets as several firms have stated their intention to raise billions of dollars in fresh equity capital.

Before the advent of the pandemic, the Jamaica Stock Exchange (JSE) had achieved growth of 36 per cent over 2019 and saw $34.03 billion in capital raised in the form of initial public offerings (IPO’s), additional public offerings (APO) and rights issues.

At the end of March 2020, there were three listings on the JSE, with First Rock, Caribbean Assurance Brokers and TransJamaica cumulatively raising $16.02 billion from their IPO’s.

http://www.jamaicaobserver.com/sunday-finance/uptick-on-equity-market_199279