National Commercial Bank Jamaica postpones $225 million IPO

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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.



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