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Foreigners Boost Chilean IPO

Jul 23, 2012

Chile's Inversiones La Construccion (ILC) has priced a CLP227bn ($469m) IPO, falling short of a $500m target but still becoming the largest-ever Chilean equity debut. Hooking more international investors than expected, the investment arm of the Camara Chilena de la Construccion (CChC) priced 3.7m primary and 28.5m secondary shares at CLP7,061 per share, according to the Bolsa. Total demand was CLP1.085trn, with competitive demand...

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