Big demand sees Despegar price at the top

Big demand sees Despegar price at the top

Argentina Equity Brazil

Despegar capitalized on positive investor demand to raise $332.8m in an NYSE-listed IPO that priced at the top of a suggested range. Books were understood to be more than 10x oversubscribed, with investors placing orders late into Tuesday trading hours, LatinFinance understands. In the end, the Argentine online travel agency offered 12.8m shares for $26 apiece, after leads set the range between $23 and $26. Roughly 4.1m shares made up a secondary portion of the IPO, with private equity firms Gen

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