REIT IPO take up slow

The Carlton Savannah’h IPO has so far had a lukewarm response. Up until Wednesday of this week brokers have reported that things have been slow.

The Jamaica Gleaner Reports,

Brokers yesterday said that take-up of the J$1.254 billion initial public offering (IPO) by a Jamaican-based real-estate investment fund has so far been slow, but that offer could still prove a major success by the time it closes on Friday.

“There has been a lot of enquiries, but the uptake has been low,” an analyst at one brokerage house told Wednesday Business.

On the radio and other media, the ads promoting the offer have picked up. It will interesting to see what the how the take-up will turn out.

The offer closes on Friday May 30, 2008 at 4:00 p.m.

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