KINGSTON, Jamaica — In a significant development for Jamaica’s financial sector, Dequity Capital Management Limited has formally withdrawn its proposed initial public offering due to insufficient investor participation. VM Wealth Management Limited, the lead brokerage firm overseeing the transaction, confirmed the termination in an official communiqué released Friday.
The public offering, which concluded its subscription period on December 18th, failed to secure the minimum investment threshold mandated by the company’s prospectus. This shortfall in investor commitment has compelled the organization to abandon its listing ambitions entirely.
All subscription funds will be fully reimbursed to applicants through their original payment channels by January 6, 2026, though without accrued interest. As stipulated in the offering documentation, a non-refundable processing fee of J$172.50 per application will be deducted from each refund.
VM Wealth Management characterized the decision as a measured strategy that prioritizes investor protection and responsible capital management. “This cautious approach to fundraising demonstrates our commitment to safeguarding investor interests,” the firm stated.
This unsuccessful offering highlights the persistent challenges facing Jamaican enterprises seeking to raise capital through domestic equity markets. Despite this setback, VM Wealth Management expressed gratitude toward interested investors and reaffirmed its dedication to fostering the development of Jamaica’s capital markets ecosystem.
The brokerage firm has established dedicated channels to address investor inquiries regarding the refund process, encouraging affected parties to contact their offices directly for assistance.