Cheap Chile Valuations Kill IPO Goal for Gas Distributor Lipigas

  • Cancels what would have been first IPO in more than two years
  • Stock-market slump in November curtailed investor appetite

Empresas Lipigas SA called off plans to list shares in what would have been Chile’s first initial public offering in more than two years as a slump in the local stock market stifled appetite from investors.

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