Argentina gets ready for IPO boom thanks to economic reforms

Source: Bloomberg
06.21.2016

BUENOS AIRES • Argentina could soon see a boom in initial public offerings, investment bankers and market sources said, thanks to economic reforms and a potential upgrade of the country’s “frontier market” status.

“We have a file of some 20 companies that are interested in opening capital on the exchange as a way to raise funds,” said Emilio Ilac, executive manager of local investment bank Puente.

The companies would follow in the footsteps of Banco Supervielle and Havanna, the maker of Alfajores cookies that earlier this month raised $11.5 million by listing its shares.

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