Barita Investments has released the prospectus for their highly-anticipated Additional Public Offer, APO.
The company is seeking to raise 9-billion dollars.
If fully subscribed, it would be one of the largest amounts ever raised in Jamaica.
The offer opens on August 26 and is scheduled to close on September 16.
Small investors seeking no more than one-thousand shares get a discount, and can purchase at 49-dollars each.
Hotel workers, farmers and civil servants also have a discounted reserve pool, at 49 dollars 75-cents per share.
While the price is 52 dollars for Cornerstone investor, Barita clients, existing shareholders, key investors, and non-reserved applicants.
According to the prospectus, nearly half of the proceeds will go towards expanding the company’s footprint both locally and regionally.
Barita also plans to use the funds to increase their investment banking capacity, upgrade their technology, seed new managed funds and offer more products, and as working capital.