11th August 2021, Colombo: Following a successful Initial Public Offering (IPO), JAT Holdings is en route to commence trading of shares on the 12th of August 2021. Oversubscribed on the first day, the JAT IPO raised Rs. 27.00 and offered an immediate upside of 21% to an incoming investor on the value per share of Rs. The IPO largely comprised of foreign investors, local institutional investors and high net-worth individuals (HNIs), keen on making mid-long term investments. Fulfilling its near term objectives, the company has already initiated the acquisition of land and commissioning of building its new state-of-the-art R&D facility.

Source: The Nation August 11, 2021 13:52 UTC