Business
Jamaica Stock Exchange courting foreign companies
As part of its strategic growth initiative, the Jamaica Stock Exchange (JSE) is seeking to court overseas-based companies, including those owned and operated by Jamaicans in the United States and Britain, to list on the local equities market.
The organization has already identified two prospective firms and is currently engaged in discussions with them, according to general manager Marlene Street-Forrest.
“Our major targets are companies that are owned and operated by members of the Jamaican diaspora, she said.
Businesses being targeted are located in the United Kingdom and the United States, but Street-Forrest has not disclosed in which country the two companies to which she referred were currently operating.
She said companies in Africa would also be targeted, but indicated that that would be done in the long term.
Among the benefits being used to attract businesses are attractive returns on investment, the ability to raise capital in the local market, and establishing a presence in a market where companies wish to have greater penetration.