Atlantic Hardware and Plumbing Company Limited – First Junior Market Listing for 2025

• The Jamaica Stock Exchange (JSE) celebrated its first listing on the Junior Market since the beginning of the year with the listing of Atlantic Hardware and Plumbing Company (AHPC) Limited on April 4, 2025. From its Initial Public Offer (IPO) released in February 2025, the Company successfully raised capital of approximately J$500.0Mn and onboarded 3,218 new shareholders to their Company.
• The total capital raised by the companies listed on the Junior Market, including nearly JA$500 million raised by AHPC, amounts now to over J$22.6Bn. AHPC’s listing on the JSE has also increased the number of companies listed on the Junior Market to 48 and 104 companies overall and a total of 152 securities on the Stock Exchange.
• Marlene Street Forrest, Managing Director of the Jamaica Stock Exchange stated, “This represents an offer of 20.0% of the shares of the company to new investors. At a market capitalisation of approximately J$2.5Bn, this places AHPC among the top 20 companies on the Junior Market by market capitalisation. Additionally, with its listing, “AHPC will increase the market capitalisation of the Junior Market to over J$144.5Bn and the overall market capitalisation of the combined markets to J$1.86Tn, as at April 4, 2025,” said Dr. Street Forrest.
• “Atlantic Hardware & Plumbing is now well-positioned to enjoy the many benefits of a listed company. High on the list are the raising of the company’s profile, the improvement in corporate governance standards, and the additional capital to build the brand. This is possible via an Exchange that is focused on keen regulatory oversight, encouraging good corporate governance and one that provides the infrastructure for new products and services,” said Dr. Street Forrest.”
• Since listing on the JSE at $1.00 per share, AHPC’s stock price has declined by 10.0% to $0.90 per share.

(Source: JSE and NCBCM Research)