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Guatemalan bank Bicapital withdraws $345 million US IPO

Bicapital, the largest bank in Guatemala with over $15 billion in assets, withdrew its plans for an initial public offering on Wednesday. It originally filed in May 2015 with a proposed deal size of $345 million.

The Panama City, Panama-based company was founded in 1967 and booked $768 million in revenue for the 12 months ended June 30, 2017. It had planned to list on the NYSE under the symbol BICA. BofA Merrill Lynch, Citi and J.P. Morgan were set to be the joint bookrunners on the deal.

The article Guatemalan bank Bicapital withdraws $345 million US 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's Renaissance IPO ETF (symbol: IPO) , Renaissance International ETF (symbol: IPOS) , or separately managed institutional accounts 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.


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

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