Home Businessuite News24 FosRich Brings The Total Number Of Companies Listed On The JSE To 68
FosRich Brings The Total Number Of Companies Listed On The JSE To 68

FosRich Brings The Total Number Of Companies Listed On The JSE To 68

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The listing of FosRich Company Limited brings the total number of companies on the Junior Market of the Jamaica Stock Exchange to 33 as the fourth company added to the market since the start of the year. FosRich Company Limited raised J$200.9 million from its Initial Public Offering (IPO) and will trading under the symbol FosRich.  The addition of FosRich brings the total number of companies listed on the JSE to 68, representing 92 securities; the total capital raised by the companies listed on the Junior Market to just over $7 billion and the market capitalization of the Junior Market to $112.37 billion.  The overall market capitalization now stands at $1.09 trillion. 
 
Speaking at the listing ceremony, Mrs. Marlene Street Forrest, Managing Director of the JSE told the audience, “This year has been a great year for the JSE as we are experiencing more than an awakening of interest both from potential companies wishing to take advantage of the funding through the equities market and investors willing to participate. We have also moved to T+2 which means a quicker settlement cycle for investors. This augurs well for the economy and for wealth creation. Data suggests that most of the companies listed on the Junior Market have grown, have served their investors well and have sparked growth in the economy. FosRich is a positive addition to our board and I have no doubt that the trend will continue with this listing.”