Triple-S Scales Back IPO

Triple-S Scales Back IPO

Equity

Puerto Rico's Triple-S Management has priced a smaller than expected $200m IPO through Credit Suisse and UBS. The deal involved 14m shares of its Class B common stock, 5m of which was offered by Triple-S and 9m from selling stockholders, at a price of $14.50. Total net proceeds to Triple-S will be approximately $63.7m, after deducting underwriting discounts and commissions and estimated offering expenses. It will not receive any proceeds from the sale from selling stockholders. According to Deal

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial