National Commercial Bank Jamaica (NCJ) Files $225M IPO

May 22, 2012 7:15 AM EDT
National Commercial Bank Jamaica Limited (NYSE: NCJ) filed a registration with the U.S. Securities and Exchange Commission for an Initial Public Offering of its Common Stock. The proposed maximum offering price is $225 million. NCBJ plans to list on the New York Stock Exchange under the ticker, "NCJ."

The offering is being made through J.P.Morgan, Macquarie Capital, Canaccord Genuity, and CIBC.

NCBJ is "Jamaica’s largest and most profitable banking and financial services group, based on consolidated total assets at September 30, 2011 and net profit for fiscal year 2011," according to the banks initial SEC filing.

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