The public is being given an opportunity to invest in local real estate.
Endeavour Holdings Ltd (EHL) yesterday launched an initial public offering aimed at raised approximately $18 million.
The IPO opened yesterday and will close on November 15 at 4 p.m.
Through the IPO, EHL will offer 1,439,744 ordinary shares at a price of $12.50 per share.
EHL is hoping to be listed on the T&T Stock Exchange’s Small and Medium Sized Enterprise (SME) market.
CinemaOne Ltd, which operates IMAX Trinidad and Gemstone, is currently the only company listed on the SME market.
“The purpose of the IPO of EHL is to provide an opportunity for broader participation in ownership of commercial real estate in Trinidad and Tobago and to improve the liquidity of the shares of the Company,” the company stated in its prospectus, available on the T&T Stock Exchange website.