Camanchaca Reheats Chile Equity

Camanchaca Reheats Chile Equity

Equity

Chile’s Compania Pesquera Camanchaca is set to announce today the price on an expected $250m equivalent IPO. The fishing company is aiming to sell 1.33bn shares, representing a 33% stake, in Chile’s first IPO since December 2009. The $250m (CLP122.05bn) target Camanchaca has indicated implies a per-share price of about CLP91.95, if the full 1.33bn unit total is sold. Fair value estimates from local analysts range from CLP70.00-CLP100.00. A level of CLP91.00 would be expensive, Ramon Suarez, equi

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