New IPO: Woodcats International Limited

• Woodcats International Limited (Woodcats) has officially opened its doors to investors through an Initial Public Offering (IPO) on the Jamaica Stock Exchange (JSE). The company is inviting applications for up to 833 million ordinary shares at J$0.90 per share, potentially raising J$750Mn. Of these, 283 million shares are available to the general public, while the remaining 550 million shares are reserved for strategic stakeholders: employees, key partners, and strategic investors.
• The offering is a mix of new and existing shares, with 416 million newly issued shares and 417 million existing shares coming from Derrimon Trading Company Limited, a major shareholder.
• The Company is a local manufacturer of wooden pallets, which are essential for the storage and transportation of goods across the country’s supply chain. In addition to wooden pallets, Woodcats produces wooden crates, shipping boxes, furniture, and lobster traps, and provides heat-treatment services that certify wood packaging for export in compliance with international phytosanitary standards.
• The Company also distributes plastic pallets and stretch wraps, and has expanded into creating by-products such as mulch, sawdust, and planters through its circular manufacturing model that ensures full use of its raw materials.
• NCB Capital Markets Limited is the Lead Broker for the transaction. The IPO is set to open on February 2, 2026, and close on February 20, 2026, although the company reserves the right to shorten or extend the subscription period. Investors may pre-apply for Woodcats shares on Goipo.jncb.com or visit woodcatsipo.com for more information.

(Source: JSE)