West Indies Petroleum Terminal Limited (WIPT) has successfully listed on the Jamaica Stock Exchange (JSE) Main Market by way of introduction and began trading on December 23, 2025, under the symbol WIPT.
The company listed 11.18 billion ordinary shares at a list price of J$0.50 per share, entering the public market with an initial market capitalization of J$5.59 billion and 105 shareholders. Following WIPT’s listing, the number of companies on the JSE increased to 105, while the total number of listed securities rose to 161.
Chief Executive Officer of the Jamaica Stock Exchange Group, Livingstone Morrison, welcomed WIPT to the Main Market at a listing ceremony held at the JSE’s corporate offices at 40 Harbour Street in Kingston. Morrison said the listing reflected continued confidence in the Stock Exchange as a platform for growth, transparency and long-term value creation.
“The listing of West Indies Petroleum Terminal Limited strengthens representation of the energy and infrastructure sector on the Exchange and reinforces the JSE’s role in facilitating access to capital, governance excellence, and an orderly secondary market for regional companies,” Morrison said.
He also outlined his expectations for the newly listed company, emphasizing compliance, governance and investor engagement. “I am expecting the Company to feature prominently in our Best Practices Awards. I am expecting that investors, shareholders, boards and management will take great pride in your engagement with investors generally and shareholders in particular,” he added.
Chairman of West Indies Petroleum Terminal Limited, Charles Chambers, highlighted the company’s commitment to strong corporate governance, noting that its board brings together expertise in petroleum, financial, legal and business development capabilities.
“As the largest independent, strategic asset of its kind, WIP Terminal with its combined storage capacity exceeding 750,000 barrels, is more than a commercial asset,” Chambers said. “It is nationally important infrastructure to Jamaica, and we have been the stewards for some time. Today now marks a historic shift as we share its ownership with the people of Jamaica.”
He added that the decision to list WIP Terminal on the JSE reflected several strategic initiatives, including transparency and price discovery for the asset, while allowing Jamaicans to participate in ownership of infrastructure that serves the country.
During the ceremony, Andrae Tulloch, Chief Regulatory Officer of the JSE’s Regulatory and Market Oversight Division, handed over the Exchange’s Rule Book and said WIPT had demonstrated its intent to comply with the JSE’s rules and expectations.
Tulloch explained that WIPT listed by way of introduction, meaning the company was not required to issue a prospectus but was required to demonstrate its ability to meet the Exchange’s initial and ongoing listing requirements. “We did our review and had no objections,” he said.
Victoria Mutual Wealth Management (VMWM) served as lead broker and arranger for the listing. Manager of Capital Markets at VMWM, Romario Sterling, said WIPT’s transition to the public market marked an important milestone for the company.
“For investors,” Sterling said, “this listing expands the investment universe on the Jamaica Stock Exchange by introducing exposure to the bunker fuel and petroleum logistics sector, providing portfolio diversification opportunities.”
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