Central Puerto starts meetings for US IPO

Central Puerto starts meetings for US IPO

Capital Markets Equity IPO Argentina

Central Puerto has started pre-marketing for an equity listing on the NYSE and picked Bank of America Merrill Lynch, Morgan Stanley and JPMorgan to coordinate the trade. The locally-listed Argentine power company has enjoyed a 40% increase in its stock price over the last 12 months, largely due to rumors of an overseas listing. ECM sources said on Thursday that an IPO from Central Puerto could swell above $500m. No pricing terms of the transaction were disclosed, but underwriters aim to price th

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