Argentina's Supervielle Prepares to Raise $190 Million in IPO

  • Bank looks to sell shares in New York and Buenos Aires
  • Equity market has shriveled since gaining "frontier" status

Argentina’s Grupo Supervielle SA, controller of lender Banco Supervielle SA, is seeking to raise about $190 million in what is set to be the country’s first initial public offering since President Mauricio Macri took office.

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