Chilean Builds Equity Debut

Chilean Builds Equity Debut

Chile Equity

Chile’s Echeverria Izquierdo has priced a CLP42.36bn ($87.5m) IPO, the country’s fourth IPO this year and the third within the past month. The construction and engineering firm is selling 151.3m shares at CLP280 each, according to the issuer. The price comes below most analysts expectations and below the pre-set CLP320 minimum, which an issuer is allowed to waive in Chilean equity sales. The deal falls short of a $100m-equivalent target, by about the same margin as other recent IPOs from grower

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