Chilean Builder Begins IPO Roadshow

Chile’s Echeverria Izquierdo has started marketing ahead of an August 3 IPO, according to a prospectus. The construction and engineering firm is planning to raise about $100m-equivalent, with investor meetings running through July 23 in Chile and Peru. Echeverria is planning to sell 151.3m shares, or about 25% of itself. The 34-year old civil engineering specialist is raising funds for its project pipeline and for expansion, including outside Chile. Already active in Peru and Argentina, it has projects in Colombia and Brazil. IMTrust is managing the sale. The deal would follow IPOs from Chilean berry exporter Hortifrut and health provider Inversiones La Construccion.