Dolla Financial to be listed on JSE Junior Market tomorrow
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Dolla Financial Services is tomorrow (June 15) to become the latest listed company on the Jamaica Stock Exchange (JSE). This would bring the total listed companies in Jamaica to 99. The micro-financier, which has operations in Jamaica and Guyana, will be listed on the Junior Market of the JSE after the exchange’s Listing Committee gave […]
Dolla Financial IPO oversubscribed by a massive J$4.5 billion
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Seeking to raise J$500 million through its initial public offer (IPO), Dolla Financial Services’ equity raise was oversubscribed by more than J$4 billion on its first day today (May 27), signaling significant faith in the microfinance company headed by CEO Kadeen Mairs. With more than $5 billion in applications, Dolla Financial now boasts one of, […]
Dolla Catapults Past its Targets
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Dolla Financial Services Limited’s initial public offering (IPO) opened on Friday during which investors purchased ordinary shares for $1 as the microlending company looked to raise $250 million in fresh equity capital through the issuance of shares. “The company over the last two years has been carefully executing a pan-Caribbean strategy in the markets considered […]
Dolla Financial IPO oversubscribed by $4 billion
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Having set out to raise $500 million through the sale of shares to the public, Dolla Financial Services successfully closed its initial public offering (IPO) on the first day of opening to the market. In fact, according to the company, it was oversubscribed by $4 billion on Friday, which is a massive show of support […]
Dolla IPO makes history! 10x oversubscribed!
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The Initial Public Offer (IPO) for Dolla Financial Services made Junior Market history on Friday, receiving a reported JM$5 billion in subscriptions withing just a few hours of opening. The offer closed on Friday afternoon. According to company representatives, the Dolla IPO was the largest raise in the history of the Junior Market of the Jamaica […]
The Dolla Financial story
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WRITING stories about the determination of several people to achieve success in business, over the last few weeks, has certainly pushed many to reach out to me to have other stories told. As I write each week, I am forced to realise that it takes a special breed to dream of running and a business […]
Jamaican equity firm buys into soap and candle making company in The Bahamas
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NASSAU, Bahamas (CMC) — The Jamaica-based private equity firm FirstRock Private Equity Limited has acquired a 26 per cent stake in the local hand-made soap and candle company, My Ocean, under a deal brokered by the Bahamas-based company Simplified Lending. “The minority equity position by a regional player in The Bahamas is evidence of the […]
Simplified Lending brokers historic equity deal between Bahamian artisan boutique and Jamaican investment firm
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This article was reposted from EyeWitness News, see the original here NASSAU, BAHAMAS — A Bahamian company that started with a few hand-made soaps and a cultural vision is going into expansion mode, moving into spacious manufacturing headquarters and expanding staff and its retail footprint thanks to a partnership with one of the premier investment […]
Dolla Financial secures $425 million in private funding
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Jamaican micro-financing firm Dolla Financial Services has raised $425 million from private investors so far this year. It has also engaged VM Wealth as a financial advisor, an indication that it is looking to launch an initial public offering soon. Dolla Financial, earlier this month, raised $200 million with an institutional investor. It previously raised […]
Dolla Financial brokers deal with Derrimon Group
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Jamaica-based regional microfinance lender Dolla Financial has signed a deal with distribution company Derrimon Group. The deal brings Derrimon into the micro-loans sector. However, Derrimon’s involvement will be limited to its staff, customers and contractors. The deal will see Dolla Financial being the preferred finance partner for Derrimon’s employees and contractors. With this deal now in […]