Argentine Real Estate Developer Clinches IPO

Consultatio, the Argentine high-end residential property developer, has priced its IPO, raising the peso equivalent of $112.5m. The company sold 110m shares May 26 at ARP3.20. While that amount of shares was raised from an initially targeted 90m shares, the company priced below the targeted ARP3.44-ARP3.67 range. JPMorgan and Credit Suisse had joint books on the offering, and collected $3.9m in fees, according to Dealogic.