Argentina readies first IPOs since 2010: stock exchange

Source: Reuters
By: Jorge
04.15.2016

A bank and a business group are likely to launch Argentina's first initial public offerings in over five years as foreign investors take new interest in Latin America's third largest economy, the head of the Buenos Aires Stock Exchange said.

Adelmo Gabbi, president of Argentina's principal stock exchange, said he expected the IPOs to be part of a flurry of investment activity on the heels of Argentina's first foreign debt issue since its 2002 default, which is set for next week.

"This year, with Brazil falling, Chile less receptive and Peru showing trouble, the only destination for major foreign investment is Colombia, followed by Argentina," Gabbi told Reuters in an interview on Friday.

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