Graña y Montero prices upsized IPO at $21.13, raising $413 million

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Graña y Montero, the largest engineering and construction company in Peru, raised $413 million by offering an upsized deal of 19.5 million ADSs at $21.13. The company had originally filed to offer 16.3 million ADSs at a range of $19.70 to $23.30, resulting in a deal size 18% larger than anticipated. Graña y Montero plans to list on the NYSE under the symbol "GRAM". The company initially filed confidentially on 3/25/2013. Credit
Suisse, J.P. Morgan, Morgan Stanley and BTG Pactual acted as the global coordinators on the deal.



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



This article appears in: News Headlines , IPOs

Referenced Stocks: GRAM

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