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Corporación América Airports, an airport concession operator, files for an estimated $1 billion IPO


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Corporación América Airports, which operates 51 airports worldwide including 33 in Argentina, filed on Wednesday with the SEC for an IPO that we estimate could raise $1.0 billion.

The Luxembourg-based company was founded in 1998 and booked $1.5 billion in sales for the 12 months ended September 30, 2017. It plans to list on the NYSE under the symbol CAAP. America Airports filed confidentially on October 5, 2017. Oppenheimer & Co., BofA Merrill Lynch, Citi and Goldman Sachs are the joint bookrunners on the deal. No pricing terms were disclosed.

The article Corporación América Airports, an airport concession operator, files for an estimated $1 billion IPO originally appeared on IPO investment manager Renaissance Capital's web site renaissancecapital.com.

Investment Disclosure: The information and opinions expressed herein were prepared by Renaissance Capital's research analysts and do not constitute an offer to buy or sell any security. Renaissance Capital, the Renaissance IPO ETF (symbol: IPO) or the Global IPO Fund (symbol: IPOSX) , may have investments in securities of companies mentioned.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.



This article appears in: News Headlines , IPOs


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