Grupo Supervielle $280 million Argentina/NYSE IPO

Overview:

• Grupo Supervielle has raised $280 million in its IPO on the NYSE and the local Argentine market.
• The transaction received recognition for being the first Argentinean IPO since 2014. 
• The offer consists of an issue of ADS on the NYSE and a local issue on the Mercado de Valores de Buenos Aires and the Mercado Abierto Electrónico.
• Morgan Stanley and Bank of America Merrill Lynch acted as underwriters. 
• Raymond James acted as local placement agent.
• Cleary Gottlieb Steen & Hamilton (Andrés de la Cruz, Emilio Minvielle, Kevin Hess) and Errecondo González & Funes (Baruki González, Javier Errecondo, Carolina Curzi) advised the issuer.
• Davis Polk & Wardwell (Nicholas Kronfeld,  Pedro Bermeo, Stephanie Rohlfs) and Bruchou Fernández Madero & Lombardi (Hugo Bruzone, José Bazán) advised the underwriters and placement agents. 

Rani Mehta - Journalist - Latin America