Salmones Austral files for IPO

Salmones Austral files for IPO

IPO Equity Capital Markets Corporate & Sovereign Strategy Chile Andean

Chile's Salmones Austral plans to raise nearly $47.7 million through an initial public offering (IPO) to expand its fishery business, according to documents filed with the securities commission CMF. If it gets approval for the deal, the company could sell 250 million shares, the documents show. Salmones Austral said it would use the proceeds from the IPO to fund new salmon farming projects, productivity improvements at its processing plants and cultivation centers and upgrades to meet environmen

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