It placed 462 million shares, or about 30% of its equity

Chile casino and hotel operator Enjoy nets us$ 42 million in local IPO

(Chile).- Enjoy SA netted about us$ 42 million in its initial public offering on the local stock exchange Wednesday. It placed 462 million shares, or about 30% of its equity, at us$ 10 cents each just before the market opened.
2009-07-10
Reading time 17 seg

It then began trading at CLP54 and dropped to CLP48 minutes into the session. According to the company, local institutional investors acquired a total of 184 million shares, foreign institutional investors bought 35 million, Enjoy employees bought 22.7 million and retail investors bought 220.3 million.

This is the first local IPO since Chilean soccer holding company Azul Azul SA netted us$ 14.7 million in November 2008, but there have been few IPOs since 2006.

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