STOCKS and Securities Limited (SSL) has partnered with FirstCaribbean International Bank Jamaica (FCIBJ) for the distribution of Initial Public Offerings (IPOs) arranged by SSL.

FCIBJ will be a receiving agent for SSL’s imminent IPO for C2W Music Limited and others in the future. This initiative facilitates transactions for IPOs managed by SSL through the services of the 13 FCIBJ branches island wide. All relevant details and a listing of these branches will be published in C2W’s prospectus.

SSL in a press release yesterday said the move was made in conjunction with its investment banking expansion mandate and commitment to excellence in customer service. The company aims to be as easily accessible as possible to all existing and potential clients and investors’ for its IPOs.

SSL President & CEO Mark Croskery sees this partnership with FCIBJ as “an ideal opportunity for SSL to garner islandwide accessibility and more specifically to offer 13 access points to the Jamaican public and in particular to the target audience of investors in SSL’s next IPO; a further enhancement of the excellent service offered at our new office on Hope Road”. Existing SSL clients and potential investors will be able to complete and submit their IPO application forms at any of these 13 FCIBJ branches.

Intellectual property start-up C2W Music will seek to raise between $120 million and $140 million with an IPO on the Jamaica Stock Exchange Junior Market next month.

The proposed price per share is between $1.20 and $1.40, with the stocks on offer accounting for 22 to 24 per cent of the company.