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.