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Camanchaca Equity Soft at Debut

Dec 2, 2010

Pesquera Camanchaca was down CLP0.47 in its first day of trading, following an IPO that raised $227m, short of the $250m target. The seafood exporter and farmed-salmon producer issued 1.33bn shares, a 33% stake, at CLP82 each. Shares...

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There is performance risk that the market is going to have to evaluate and assess. I think that is very healthy for the market because that will enable us to finance a much wider range of projects.

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