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Dolla Financial to be listed on JSE Junior Market tomorrow

Dolla Financial Services is tomorrow (June 15) to become the latest listed company on the Jamaica Stock Exchange (JSE).

This would bring the total listed companies in Jamaica to 99. The micro-financier, which has operations in Jamaica and Guyana, will be listed on the Junior Market of the JSE after the exchange’s Listing Committee gave its approval to list its shares.

It would make the 45th listed junior market equity. Tomorrow’s listing follows the company’s successful initial public offer (IPO) of shares, which opened on May 27, for subscription of 500 million shares valued at $1 per share.

The IPO was heavily oversubscribed, pulling in subscription of over $5 billion.

Speaking with Our Today, Kadeen Mairs, founder and CEO of Dolla, said: “The listing ceremony will take place tomorrow at 9.00 a.m. with the listing itself at 9.30 a.m. We want to thank the JSE and the Listing Committee for granting approval of the shares listed as this shows the confidence the JSE has in the company. Dolla Financial will operate within the framework set by the JSE.”