Business News - 123RF

Atlantic Hardware and Plumbing Company Limited, a wholesale distributor of construction and home improvement supplies, has announced plans to raise $500 million in the first initial public offering (IPO) on the Jamaica Stock Exchange (JSE) this year. The company, which aims to list on the Junior Market of the JSE, is projecting double-digit revenue growth as it seeks to expand its operations. The IPO values the company at $1.95 billion.