Santander Investment, JP Morgan and Bank of America Merrill Lynch are the mandated bookrunners for a potential $100 million IPO of Santander’s Argentine subsidiary.
Santander Rio is poised to list on both the Buenos Aires and New York stock exchanges, after requesting approval from US and Argentine regulators. If the deal were to go through, Rio would be the third Santander subsidiary to undertake a public offering after Santander Chile and Santander Brasil. The latter’s $8 billion IPO in 2009 was a record debut offering in Brazil.
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