Colombia: Equity issuance moves into a boom period

Two major state companies will be partly privatized and up to 10 private companies are expected to undertake initial public offerings in Colombia next year.

Some 20% of the equity of the country’s leading state oil producer, Ecopetrol, will be listed. According to Bogotá stockbroker Suvalor this stock issue will be valued at $5 billion.

In addition, some 20% of the country’s leading state energy transmission company, Isagen, will be privatized, valued at $200 million (some 30% of Isagen’s equity has already been listed).

A programme undertaken by the Bogotá stock exchange, called Colombia Capital, is also helping several small companies to gear up to listing on the stock market for the first time.

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