Deals
Chile Salmon Recovery from Virus Spurs 3rd IPO in Six Months
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Australis Seafoods SA raised $71 million today in the third initial public offering by a Chilean salmon farmer in six months as the industry rebounds from a virus that cut output by 39 percent.
Australis, which put its first fish cages into the sea in 2008 when the local industry was reeling from an outbreak of infectious salmon anemia, sold 180 million shares, or a 13 percent stake, at 185 pesos each to help it more than double production, it said in a regulatory filing. The shares rose to 187.43 pesos, according to Santiago exchange data.