Investment community reacts to new COVID-19 measures jamaicaobserver.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from jamaicaobserver.com Daily Mail and Mail on Sunday newspapers.
Investment community reacts to new COVID-19 measures jamaicaobserver.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from jamaicaobserver.com Daily Mail and Mail on Sunday newspapers.
Proven Investments Limited raised US$34 million in its additional public offer (APO).
“A total of 4,148 applications were received totalling just over US$34.5 million,” said Proven in a statement.
The APO has increased Proven’s capital from US$122 million to US$156.5 million.
The general public received full allotment and key investors received 70 per cent of their allotment.
Proven Investments Limited, the listed private equity firm which started during the financial crisis a decade earlier holds an interest in several financial companies. It opened its APO to raise funds for acquisitions.
The offer closed early on January 26, 2021, with applications totalling 154,231,234 ordinary shares, representing an oversubscription of US$4.3 million, the company said.