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WIP Energy plans $12.8 billion IPO to facilitate expansion

WIP Energy, a subsidiary of West Indies Petroleum, is reportedly planning to issue some 8 billion shares valued at $1.62 per share as it seeks to raise some $12.8 billion. 
 
The funds are expected to facilitate its expansion programme.
 
This would be the second largest initial public offer (IPO) in the history of the Jamaica Stock Exchange, since the $14.1 billion float by TransJamaican Highway.


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