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Guatemala's largest bank Bicapital files for a $300 million US IPO

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Bicapital, the largest financial services group in Guatemala with $12 billion in assets, filed on Friday with the SEC to raise up to $300 million in an initial public offering.

Just one international bank went public in the US last year - Grupo Aval Acciones y Valores S.A. ( AVAL ). Grupo Aval, Colombia's largest bank, was already traded on the Colombia Stock Exchange but is down 24% from its September 2014 US offering.

The Panama City, Panama-based company, which was founded in 1967 and booked $628 million in net interest and non-interest income for the 12 months ended December 31, 2014, plans to list on the NYSE under the symbol BICA. BofA Merrill Lynch, Citi and J.P. Morgan are the joint bookrunners on the deal. No pricing terms were disclosed.

The article Guatemala's largest bank Bicapital files for a $300 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, 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.


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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