The Jamaica Stock Exchange (JSE) opened a new market for small companies this week, with 10 firms already in preparation to raise between J$50 million and J$100 million each through public listings.

No timeline was given for when the companies would be ready to list, but JSE Chief Executive Livingston Morrison said the firms span several business sectors, including light manufacturing and services.

"We have some 10 companies that have expressed keen interest, and they are working with our business development team," Morrison told the Financial Gleaner. "If a company comes tomorrow and wants to go forward, we are ready to accommodate them.”