Molymet Follow-On Goes at Discount

Molymet Follow-On Goes at Discount

Chile Equity

Chile’s Molymet has priced a CLP127.44bn ($265.5m) equity follow on, selling 12.3m shares at CLP10,350, representing a 13.7% discount to the previous CLP11,992 close. Shares closed at CLP10,901 Wednesday following pricing in the morning. The metals processor drew CLP1.165trn in orders from 5,234 accounts, it says. Molymet says about 20% went to pension funds, with other domestic and international institutional investors making up 50% of the sale, and retail investment claiming the remaining 30%.

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