Cencosud sets price range for mall IPO

Cencosud sets price range for mall IPO

Equity Capital Markets Corporate & Sovereign Strategy IPO Chile Colombia Peru US Europe

Chile's Cencosud could raise as much as CLP802bn ($1.16bn) from the upcoming IPO of its shopping malls division in the local stock market, according to press reports. The Santiago-based retail company plans to sell 472m shares in Cencosud Shopping Centers for somewhere between CLP1,475 and CLP1,700 each, local press reported. Cencosud will meet investors in New York, Boston, Los Angeles and London before it starts taking orders on June 25 and fixes the final price on June 27. It could also sched

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