Loma stock soars on market debut

Loma stock soars on market debut

Argentina IPO Capital Markets

Loma Negra's stock soared on its debut in the New York Stock Exchange after investors piled into a $954m IPO that easily priced at the top of a suggested range. The Argentine cement company's shares rose more than 15% during its Wednesday debut, leaving little doubt over whether the bookrunners would underwrite a greenshoe option. Loma's American Depositary Shares were spotted at $21.7 late afternoon on Wednesday, before ending the day's play at $21.5. Leads offered 50.2m ADSs on Tuesday night f

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