Sonda Set for FO

Sonda Set for FO

Chile Equity

Chile’s Sonda closed books Tuesday and was due to release the price this morning for an equity follow on targeting more than $150m. The information technology firm is selling 53m shares, indicating a CLP77.96bn ($162m) deal at Tuesday’s CLP1,471 closing price. Sonda had been authorized to sell up to 100m shares. The IT company is raising funds for a regional expansion plan, about which analysts are generally optimistic. In a report recommending a buy at CLP1,420, Banco Penta highlights 9% return

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