Tricot shares trade up after IPO

Tricot shares trade up after IPO

Chile Equity

Tricot’s share price balooned on Monday morning, just two trading days after the Chilean retailer raised CLP91.5bn ($141.3m) in an oversubscribed IPO. The company offered 120.4m shares, split evenly between primary and secondary allotments, at CLP760 apiece, and these were spotted at CLP850 on Monday. Tricot’s orderbook was some 17x oversubscribed, after Chilean pension funds and insurance companies flocked to the IPO, ECM bankers said. A portion of shares were sold abroad, but bankers co

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