One Great Studio: 1GS Lists On The JSE  

• One Great Studio Company Limited (1GS) successfully raised $338.63Mn in their Initial Public Offering (IPO) and is now listed on the Jamaica Stock Exchange’s Junior Market. The company’s IPO opened on August 28, 2023, and closed on August 29, 2023, and saw a 61% oversubscription of its initial share offer. The new Junior Market Company attracted over 3,600 applications to the IPO.
• With the successful listing of 1GS on the JSE’s Junior Market on Tuesday, September 19, 2023, the Company’s shares are now available for trading on the secondary market and will trade under the symbol 1GS.
• The Listing of One Great Studio increases the total listed companies to 49 on the Junior Market and the total number of companies listed on the JSE to 101 or 149 securities. Including the $338.63 million raised by 1GS, the total capital raised by the companies listed on the Junior Market now amounts to $21.23 billion, fulfilling the objective of the Junior Market, which is to enable access to equity capital.
• Also with this listing, the market capitalization of the Junior Market increased from $187.34Bn to $189.03Bn as of September 18.

(Source:  JSE)