Woodcats International says its combined initial public offering and offer for sale closed ahead of schedule Wednesday night, following what the company described as strong investor demand.
In a media advisory, the company said the offer closed 11:59 on February 11, just nine days after opening on February 2.
The IPO invited applicants for up to 833.3 million shares at $0.90 each.
The transaction was arranged by NCB Capital Markets as lead broker and arranger.
Woodcats says it will now move into the allotment phase, in line with the terms outlined in its prospectus.
Successful applicants are to be notified in due course, while refunds, where applicable will be processed according to regulatory guidelines.
The company is seeking admission of its shares to the Junior Market of the Jamaica Stock Exchange.
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