Peru Retail Builds IPO Book

Peru Retail Builds IPO Book

Peru Equity

InRetail Peru was heard with oversubscribed order books Tuesday ahead of today’s scheduled IPO pricing, targeting more than $400m. The unit of the Intercorp group operating retail assets including Inkapharma drugstores and Plaza Vea supermarkets is selling 20.05m shares at $19.00-$22.00 each, indicating a $411m size if done at the midpoint. The transaction is to be made up entirely of a New York sale, the issuer says, a change from the original plan to include a tranche representing up to 5% of

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