Private healthcare provider, Medcorp, said last night that its Initial Public Offering (IPO) of 350,000 ordinary shares at $48 a share was fully subscribed and raised the $16.8 million expected.
In a news release, Medcorp said the IPO was subscribed at exactly 100 per cent and all valid applications have been allocated in full according to the amounts for which the investors in the company applied.
Medcorp said the listing date is expected to be July 7, 2025, on the Trinidad and Tobago Stock Exchange’s Small & Medium Enterprise (SME) market. Trading of Medcorp shares is expected to commence on July 7, 2025 under the symbol MED.
Medcorp is an operator of private healthcare facilities located in north-west Trinidad, comprising:
• ↓St Clair Medical Centre (for acute care and specialised facilities);
• ↓Goodhealth Medical Centre (for preventative and ambulatory care);
• ↓The Brian Lara Cancer Treatment Centre (for oncology, radiotherapy and chemotherapy); and
• ↓Doctors Radiology Centre (for diagnostic imaging).
In the news release, the company’s board of directors extended its sincere gratitude to all investors for their confidence in the Company and looks forward to delivering value to its new shareholders.
Medcorp also thanked its advisors Republic Bank Ltd (lead investment adviser), Republic Wealth Management Limited (lead stockbroker), and M Hamel-Smith & Co (attorneys-at-law). The company also acknowledges BDO Trinity (auditor) for its independent financial oversight throughout the IPO process.