Sonda Prepares To List

Chile’s largest systems information provider, Sonda, has moved a step further towards listing on the Santiago Stock Exchange, something it plans to do before the end of the year. Sonda has already sought and received shareholder approval to float 25% of its stock on the exchange to raise funds of up to $100 million, analysts estimate. The company, which is headquartered in Chile, has operations in nine other Latin American markets including Argentina, Brazil and Mexico. Sonda has, to date, expanded via acquisitions, most recently buying the technical support and services division of Mexican company Qualita.