Incumbent Telefonica announced yesterday that it had postponed the pricing of the IPO of its call centre subsidiary Atento until today.
In a statement, Telefonica also said that it was reducing the lower end of the non-binding price range to E17.25,…
Incumbent Telefonica announced yesterday that it had postponed the pricing of the IPO of its call centre subsidiary Atento until today.
In a statement, Telefonica also said that it was reducing the lower end of the non-binding price range to E17.25, having originally set the range at E19.25 to E25.
It said that it wanted to give investors extra time to assess the change.
In its original announcement on 26 May, Telefonica said it would offer a total of 30.6m shares, approximately 51% of Atento’s shares.
It said that the offering would have just one global tranche that would be directed at national and international institutional investors.
The sale is being jointly coordinated by Citigroup and Goldman Sachs, while Banco Santander, BNP, BBVA and JP Morgan are the bookrunners.
