BUENOS AIRES, Argentina--(BUSINESS WIRE)--Grupo Supervielle S.A. (the “Company”), an Argentine financial group, together with one of the Company’s shareholders, announced today the pricing of the underwritten initial public offering of the Company’s Class B Shares (the “Shares”), which may be represented by American Depositary Shares (“ADSs”), as part of a global offering of 127,500,077 Shares. The global offering consisted of (a) an international offering in the United States and countries outside of Argentina of 23,594,189 ADSs at a price of US$11.00 per ADS and (b) a concurrent offering in Argentina of 9,529,132 Shares at a price of US$2.20 per Share. The offering has been made pursuant to a registration statement on Form F-1 with the Securities and Exchange Commission (the “SEC”). Each ADS represents five Shares.
In connection with the offering, the Company has granted the international underwriters the option to purchase up to 19,125,010 additional Shares represented by ADSs. The ADSs are expected to begin trading on the New York Stock Exchange on May 19, 2016, under the ticker symbol “SUPV”.
Morgan Stanley & Co. LLC and Merrill Lynch, Pierce, Fenner & Smith Incorporated are acting as joint bookrunners and joint global coordinators and Raymond James & Associates, Inc. is acting as co-manager in the offering.
The offering has been made only by means of a prospectus. A registration statement on Form F-1 relating to the proposed offering was filed with the SEC and became effective today. Copies of the registration statement can be accessed through the SEC’s website at www.sec.gov. Before you invest, you should read the preliminary prospectus in the registration statement and other documents we filed with the SEC for more complete information about the Company and this offering. Copies of the preliminary prospectus related to the offering may be obtained by contacting Morgan Stanley, Attn: Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY, 10014-4606, or BofA Merrill Lynch, Attention: Prospectus Dept., 222 Broadway, New York, NY 10038, or: dg.prospectus_requests@baml.com.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
The Argentine public offering of the Class B shares has been authorized by the CNV pursuant to Resolution No.18,023 dated April 14, 2016, as amended by Resolution No. 18,033 dated April 21, 2016.
About Grupo Supervielle S.A.:
Grupo Supervielle S.A. is a private domestically-owned financial group in Argentina. The Company is controlled by the Supervielle family, which entered the Argentine banking sector in 1887. The Company owns Banco Supervielle S.A., an Argentine private domestically-owned bank with a primary geographic presence in the City of Buenos Aires and the Greater Buenos Aires metropolitan area, Mendoza and San Luis.
