Camanchaca Plans Chile IPO

Camanchaca Plans Chile IPO

Chile Equity

Pesquera Camanchaca plans to roll out Chile’s first IPO in almost a year, targeting a $250m equivalent raise. The fishery intends to sell up to 1.26bn shares, likely a 20%-30% stake, according to a banker on the trade. An initial prospectus has not been filed, but the banker says the issuer aims to start investor meetings soon with the aim of pricing by the end of the month. Proceeds would fund the company’s investment plan. Banchile and Larrain Vial are managing the sale. Founded in 1965, Caman

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