Woodcats IPO Oversubscribed: Solid Start to Primary Markets Activity in 2026

• Woodcats International Limited (Woodcats) kicked off Jamaica’s 2026 primary market activity on a solid note, announcing that its offer of 833,333,333 ordinary shares was oversubscribed at the close of the invitation on February 11, 2026.
• The Initial Public Offering (IPO), which opened under a prospectus dated January 26, 2026, represents the first public offer of the year and signals healthy retail investor appetite for new issues. Demand was particularly strong in the General Public pool, which was oversubscribed, while the Employee Reserve, Key Partner Reserve, and Strategic Investor Reserve pools were each allotted 100% of subscriptions received.
• Under the basis of allotment, General Public applicants will receive full allocation on the first 25,000 shares applied for and approximately 67.66% of the balance requested, with refunds to be processed for partially filled applications in keeping with the prospectus terms. Multiple applications from the same Jamaica Central Securities Depository Limited (JCSD) account were consolidated for allocation purposes, reinforcing fairness in distribution.
• Woodcats will now move to list its shares on the Jamaica Stock Exchange (JSE) Junior Market, marking the first Junior Market listing to utilise the increased J$750Mn capitalisation limit. Lead broker NCB Capital Markets Limited credited strong investor confidence for the successful outcome, positioning the IPO as a positive start to Jamaica’s 2026 capital markets activity.

(Sources: JSE & NCBCM Research)