Chilean Builder Set for IPO

Chilean Builder Set for IPO

Chile Equity

After closing books Thursday, Chile’s Echeverria Izquierdo is set to emerge with a price today for its IPO expected to raise $100m-equivalent. The construction and engineering firm is planning to sell 151.3m shares, or a 25% stake post-float, to fund concessions, projects and expansion into new markets. “Its new businesses have attractive margins. However, there is execution risk that could mean a reduction in expected earnings,” CorpGroup says in a research report. The shop sees fair value at C

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial