Argentina’s Supervielle Ends Country’s Two-Year IPO Drought

  • IPO marks first equity offering since Globant SA’s sale
  • Financial group raises $280 million in stock offering

Argentina’s Grupo Supervielle SA, controller of lender Banco Supervielle SA, rallied in its trading debut after raising $280 million in the country’s first initial public offering in two years. It sold the shares at the low end of its projected range.

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