La Polar Offer Tops $240m

La Polar Offer Tops $240m

Chile Equity

Chile's La Polar has raised CLP115.72bn ($244m) at the close of the primary phase of an equity capital raise Tuesday, it says. The retailer has sold 665m shares, with pricing set as the average price of the three days prior to the buyer’s subscription minus a 5% discount. This meant the shares were offered at CLP198.14 each during Tuesday’s final session. The shares closed at CLP220.17 in the market Wednesday. The retailer will offer the 85m remaining unsubscribed shares during a 7-day period be

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