October 16, 2006
Argentine energy firm Socotherm América is preparing to list up to 15 milli
Argentine energy firm Socotherm América is preparing to list up to 15 million shares next month on the Buenos Aires Stock Exchange, representing around 17.5% of its stock. This will be the first new listing on the exchange in almost six years. Banco Río and HSBC will lead the transaction. The company hopes to raise around $40 million via the IPO to fund plant construction in Venezuela and the Gulf of Mexico, and increase operations in West Africa.