Conconcreto Sees Ample Demand for IPO

Conconcreto Sees Ample Demand for IPO

Equity

Colombian infrastructure builder Conconcreto saw demand of COP1.199trn ($623m) for shares in its IPO, it says, following the close of the subscription period Friday. That is about 12x the amount offered. The sale raises COP94.68bn through the sale of 72m shares at COP1,315 each, an amount determined prior to the opening of the subscription period. The float represents a stake of approximately 20%, and will generate funds to develop new projects, the company says. Colombian brokerage Bolsa y Rent

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