Mayberry announced yesterday that it has purchased 20 per cent of the IronRock Insurance Company Ltd, its most recent Initial Public Offering (IPO), making the start up yet another associate company of the investment bank.
The transaction is another strategic move by Mayberry, which in 2015 increased its holdings in Lasco Financial Services, Blue Power Group and Caribbean Producers (Jamaica) Ltd, all to 20 per cent.
A total of 43 million shares for IronRock were acquired through its IPO, which opened and closed last Tuesday, March 1st at a value of $129 million.
Published in the Observer
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