Surprise Argentine Equity in the Works

Surprise Argentine Equity in the Works

Equity

Consultatio, one of Argentina’s largest asset managers and a significant real estate developer, is lining up a rare local IPO. The company is targeting a range of ARP3.44-ARP3.67, and set to distribute shares in the week of May 26. The Buenos Aires listing, which could raise ARP271m, is heard aided by JPMorgan and Merrill Lynch for international distribution. “This is a very interesting development from a timing perspective,” says Christopher Ecclestone, an analyst at Hallgarten, adding that the

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