Supervielle finishes follow-on

Supervielle finishes follow-on

Argentina Equity

Argentina's Grupo Supervielle said it has raised $412m from a follow-on equity offering in the local and US stock markets.The financial services firm offered 70m new shares for $4 each, while the controlling shareholder, Patricio Supervielle, put up 33m existing shares for the same price, Supervielle said in a statement.International investors bought 86.2m shares, with each American depositary share (ADS) equal to five shares, while local stock buyers took 12.4m shares. Supervielle sold 4.39m ex

Already have an account?

Free trial

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

Free Trial