Condor Wraps Up IPO

Colombia’s Construcciones El Condor has completed its IPO, it says, allocating 114.9m shares for a final COP162.58bn ($91.6m) size. The builder received COP323bn ($183m) in orders, following last week’s close of the order period, and allocated to 1,957 different accounts. It had launched the offer March 7, at a price of COP1,415 per share. Bancolombia managed the sale, which represents a 20% float.