Sources: Loma Negra Cia Industria Argentina SA, Buenos Aires; InterCement, Sao Paulo; CP staff
Argentina’s top cement producer raised nearly $1.1 billion in an initial public offering of American Depositary Shares (ADS), trading on the New York Stock Exchange under the ticker symbol LOMA. The early-November IPO saw the sale of 53,530,000 million ADS, priced at $19 each and representing five ordinary shares as traded on Bolsa y Mercados Argentinos S.A., Loma Negra’s home exchange.
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