Peruvian Prices Retail IPO

Peruvian Prices Retail IPO

Peru Equity

Intercorp’s InRetail Peru unit has priced a $460m IPO, with the oversubscribed deal landing just below the midpoint. The sale is Peru’s largest new equity issue in six years and offers equity investors their first real crack at the consumer demand side of one of LatAm’s fastest-growing economies. The unit holding Intercorp’s retail assets including InkaFarma drugstores and Plaza Vea supermarkets priced 23m shares, assuming the exercise of a 15% greenshoe, at $20.00 each, the company says, versus

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