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Demand was strong, reaching $ 2.35 billion (millions of millions), nearly seven times what was offered
There were many expectations at the Santiago Stock Exchange. Until then, investors, senior executives and the economic press have arrived to witness the biggest market opening in the history of the Chilean market: Mallplaza.
And all is over when the hammer fell, with the placement of 240 million secondary shares of the mall operator.
After the subscribers decided to waive the established minimum price of $ 1,498 and obtained an investment price of $ 1,431, the transaction raised $ 343,440 million ($ 529 million). US).
2.35 billion dollars (millions of millions), nearly seven times what was offered.
The share allocation had as the main buyer the institutional segment, which took 41% of the placement, followed by retail sales, 17% of the supply, and local AFP, who got 14%.
Mallplaza has 21 shopping centers and 59.3% belong to the SACI Falabella, while the remaining 40.7% are related to the Donoso, Fürst and Müller families. Operates in Chile, Peru and Colombia and has a leasable area (GLA) of more than 1,600,000 m2
What will be the strategy?
On previous days, executives were betting on "Retailtainment" to draw the company's way. This essentially translates into the expansion of entertainment spaces, in order to cope with the accelerated progress of e-commerce, which has put into question the future of shopping malls.
"If we want to grow as a business," said the director a few days ago, as part of the extended presentation held at the Ritz-Carlton hotel, specifically at On the occasion of stock market debut.
De Peña drew on the experience of one of his main assets, Los Dominicos, where he said that "everything happens in every shopping center, spaces are designed for people to have fun. "
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