Grupo Supervielle Priced, NYSE: SUPV

Argentine bank with over $2 billion in assets.

Industry: Financials

Latest Trade: $19.96 0.00 (0.0%)

First Day Return: +4.5%

Return from IPO: +81.5%

Industry: Financials

We are a private domestically-owned financial group with a long-standing presence in the Argentine financial system and a leading competitive position in certain attractive market segments. We are controlled by the Supervielle family, which entered the Argentine banking sector in 1887. We own the fifth largest Argentine private domestically-owned bank in terms of assets. We maintain a strong geographic presence in the City of Buenos Aires and the Greater Buenos Aires metropolitan area, which is Argentina's most commercially significant and highly populated area, and we are leaders in terms of our banking network in some of Argentina's most dynamic regions, including Mendoza and San Luis. The Bank, which consolidated with CCF, is our main asset, comprising 97.3% of our total assets, and has a history of strong growth. Between the 2011-2015 period, our loan portfolio grew at a compound annual growth rate of 34.7%, as compared to an average of 31.1% for the private financial system in Argentina for the same period according to the Central Bank. As of December 31, 2015, we served over two million customers, and our assets totaled Ps.33.0 billion (approximately US$2.5 billion), in addition to Ps.5.9 billion (approximately US$450 million) of assets managed by SAM. As of December 31, 2015, the Bank and CCF accounted for 89.3% and 8.0% of our total assets, respectively.
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IPO News for Grupo Supervielle
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IPO Data
IPO File Date 01/06/2016
Offer Price $11.00
Price Range $11.00 - $13.00
Offer Shares (mm) 25.5
Deal Size ($mm) $281
IPO Data
IPO Date 05/18/2016
Offer Price $11.00
Price Range $11.00 - $13.00
Offer Shares (mm) 25.5
Deal Size ($mm) $281
Underwriters
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Company Data
Headquarters Buenos Aires, Argentina
Founded 1887
Employees 4,843
Website www.gruposupervielle.com.ar