Search
Close this search box.

Lasco Group IPO Over Subscribed

The following is an announcement from the lead broker of the Initial Public Offer of shares in three Lasco affiliated companies: Lasco Distributors Limited, Lasco Manufacturing Limited and Lasco Financial Services Limited.
 
The lead broker, Mayberry Investments Limited has advised that the IPO  was closed at 9:03am this morning as they have received in excess of 2,000 applications totalling in excess of over $650 million. The target for the three Lasco Companies was approximately $415 million.
 
The management and staff of the three Lasco Companies express their gratitude to all investors. Those investors who were not able to participate in the Initial Public Offer will have the opportunity to purchase shares in the Lasco affiliated companies on the Jamaica Stock Exchange,
once the listing is approved.
 
 
 
9.05 am
15 September 2010