Sonda Prices FO

Sonda Prices FO

Chile Equity

Chile’s Sonda has priced a CLP75.86bn ($158m) equity follow-on, getting just below its floor price, but offering a only minimal discount. The growing regional IT provider sold 53m shares at CLP1,430 each, compared to a CLP1,440 minimum and a 1,471 previous closing price. Competitive demand for the sale topped CLP192bn, with 53% sold internationally. International institutional investors made up the largest block of buyers, accounting for 46.2%, with hedge funds taking 1.6% and other internationa

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