Republic Group Partners with Medcorp Limited as the Lead Stockbroker for their Initial Public Offering

Port-of-Spain, Trinidad, June 5, 2025 – On Wednesday, June 4, 2025, Medcorp Limited (Medcorp) celebrated the official launch of their Initial Public Offering (IPO) with a cocktail event at the Chaconia Event Centre, Maraval. The gathering was co-hosted by Medcorp and the IPO lead stockbroker, Republic Wealth Management Limited (RWML) to give deeper insight into the Medcorp IPO, and foster networking and important connections.

As one of Trinidad and Tobago’s largest private healthcare providers, Medcorp launched its Initial Public Offering for 350,000 Ordinary Shares at a price of TT$48.00 per share. The move marks the company’s transition into the public market, making it a significant milestone in its strategic pursuit of providing long term premier healthcare service to this nation.

"Today, we step boldly into public markets," said Dr Dinesh Mor, Deputy Chairman of Medcorp’s Board of Directors at the celebratory cocktail event. "This milestone is not only a hallmark of our company’s evolution but also a testament to our unwavering commitment to advancing healthcare throughout the Caribbean."

First introduced as a client through Republic Bank’s Corporate Banking Division, a trusted, long-term relationship has been maintained with Medcorp throughout the years. As a result of these strong ties with the Republic Group, RWML was selected to be Medcorp’s lead stockbroker for this momentous development.

“For us at the Republic Group it has been a privilege to support our longstanding client on this remarkable journey,” said Karen Yip Chuck, Group Vice President, Republic Financial Holdings Limited, in her welcoming remarks at the launch. “Therefore, when we learnt that Medcorp was preparing to embark on this exciting new chapter - transitioning from a privately held company to a publicly listed one, we did not have to think twice about collaborating.”

The cocktail event brought together specially invited guests with executives from Medcorp and Republic Bank for an evening of collaborative learning, networking, and knowledge-sharing. Among the attendees were Dr Dinesh Mor and Dr Boris Yufe, Directors, Medcorp, Richard Sammy and Karen Yip Chuck, Group Vice Presidents, Republic Financial Holdings Limited, Riah Dass-Mungal, General Manager, Corporate and Investment Banking, Republic Bank, J.P. Clarke, General Manager, Republic Wealth Management Limited (RWML), and representatives from the Trinidad & Tobago Stock Exchange Limited (TTSE).

The Invitation Period to participate in the Medcorp IPO opened on May 27, 2025 and closes on June 13, 2025. Interested persons can view the Prospectus and complete subscription information via Republic Wealth Management Limited (RWML). Visit https://republicwealthmanagement.com/medcorp-limited-ipo/ to learn more.