February 2, 2018 / 2:37 PM / 8 months ago

BUZZ-Chile's Salmones Camanchaca shares surge 15 percent following IPO

Shares in Chile’s Salmones Camanchaca surged almost 15 pct to 3,750 pesos ($6.24) on Santiago’s IPSA blue chip stock exchange after the company launched its Initial Public Offering (IPO) on Friday morning.

** The Santiago IPO price was set at 3,268 ($5.44) Chilean pesos on Thursday evening, and 19.8 million shares were placed on the Santiago exchange on Friday.

** The IPO raised approximately $108 million for the salmon-producer, which is a unit of Chile’s Pesquera Camanchaca SA.

** The IPO operation includes the issuance of NDR (Norwegian Depositary Receipts) in Oslo.

$1 = 601.07 Chilean pesos Reporting by Felipe Iturrieta

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