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National Commercial Bank Jamaica postpones $225 million IPO

By Renaissance Capital,  February 07, 2013, 07:30:07 AM EDT

National Commercial Bank Jamaica, Jamaica's largest commercial bank by assets, postponed its IPO on Wednesday. The Kingston, Jamaica-based company was founded in 1970 and booked $381 million in sales for the 12 months ended 9/30/2012. J.P. Morgan and Macquarie Capital were set to be the joint bookrunners on the deal.

The postponement was the first of 2013 and the first since Audeo Oncology postponed a $49 million IPO in December 2012.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: News Headlines, IPOs

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