Knutsford Express Services Limited, said the company's initial public offering was fully subscribed.
It said it raised the targeted amount of just under J$100 million in exchange for the 20 per cent share offer on Friday.
The company had invited subscriptions for 20 million ordinary shares of which 4,867,338 were newly issued shares and 15,132,662 were existing shares of the selling shareholders Oliver Townsend, Gordon Townsend and Anthony Copeland.
A million shares reserved for employees were priced at $5.11 and the remainder, including those reserved for Proven and its affiliates, was offered at $4.88 each. The aim was to raise J$99,855,440.26.
The Knutsford Express has daily departures from Kingston to Montego Bay and Negril, with north coast stops in Ocho Rios, St Ann; and Falmouth, Trelawny. There are connecting buses for passengers who wish to continue to Negril.
Knutsford Express also provides once daily service between Kingston and Montego Bay, with stops in the south coast towns of Santa Cruz, St Elizabeth, Mandeville, Savanna-la-Mar, and Negril.
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