Peruvian cement company Cementos Pacasmayo S.A.A. (CPAC: Quote) said Wednesday that it has priced its initial public offering of 20 million American depositary shares, each representing 5 common shares, at US$11.50 per ADS, the low end of its planned range of $11.50 and $13 per ADS.
As a result of the offering, Cementos Pacasmayo's ADSs began trading Wednesday on the New York Stock Exchange under the ticker symbol "CPAC."
J.P. Morgan Securities LLC is the sole book runner and Santander Investment Securities Inc. is the joint lead manager for the sale.
Cementos Pacasmayo shares are currently trading on the NYSE at $11.10.
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by RTT Staff Writer
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