Chilean Close to IPO

Chilean Close to IPO

Chile Equity

Moller y Perez-Cotapos (MPC) is planning to price an IPO of more than $100m March 26, according to information provided by the lead manager. Investor meetings should begin Wednesday, ahead of what would be the first Chilean IPO since August. The construction company and real estate developer is planning to sell about 40m primary shares and 76m secondary shares including those from Citi Venture Capital. Up to 30% of the company may be floated. MPC is looking to use 50% the proceeds to strengthen

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