Markets

Colombia's largest banking group Grupo Aval Acciones y Valores files for US IPO

Grupo Aval Acciones y Valores S.A., which is Colombia's largest banking group based on total assets, filed on Thursday with the SEC to raise up to $100 million in an initial public offering, though that figure is likely just a placeholder. The company operates four commercial banks, and both the largest pension and severance fund administrator and the largest merchant bank in Colombia.

The Colombia-based company plans to list on the NYSE under the symbol AVAL. The company booked $4.9 billion in total operating revenue and $3.6 billion in net interest income for the 12 months ended December 31, 2012. J.P. Morgan and Goldman Sachs are the joint bookrunners on the deal. No pricing terms were disclosed.

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


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

Other Topics

IPOs