Thursday 19 September, 2019

VM Investments IPO more than two times oversubscribed

Devon Barrett, Victoria Mutual Group’s Chief Investment Officer, said “We were heartened by the overwhelming confidence demonstrated by Members of the Victoria Mutual family and the wider public.

Devon Barrett, Victoria Mutual Group’s Chief Investment Officer, said “We were heartened by the overwhelming confidence demonstrated by Members of the Victoria Mutual family and the wider public.

The invitation made by Victoria Mutual Investments Limited (VMIL) to raise just under $700 million has been oversubscribed, the Victoria Mutual Wealth Management Limited has announced.

The initial public offer closed on Tuesday at 4:30pm with subscriptions in excess of $2 billion of the $689.2 million expected.

Devon Barrett, Victoria Mutual Group’s Chief Investment Officer, said “We were heartened by the overwhelming confidence demonstrated by Members of the Victoria Mutual family and the wider public.

“We believe this augurs well for Jamaica’s economic growth and look forward to contributing to this growth by providing financing solutions for small and medium-sized entities in Jamaica,” Barrett said.

 

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