SUPV News

BNP subsidiary First Hawaiian (FHB) is set to raise $464 million in the largest bank IPO since RBS spin-off Citizens Financial (CFG) in September 2014. With over $19 billion in assets, it is Hawaii’s largest financial institution. In the face of record low interest rates, Brexit uncertainty and regulatory hurdles, Financials is the worst performing...read more

The past week saw four IPOs produce insignificant returns. All four deals finished the week at or above the offer price, but none gained more than 5%. The first bank IPO of 2016, Argentina-based Grupo Supervielle dual listed in New York and Buenos Aires; its $281 million IPO raised more than the other three small health care deals combined.  ...read more

Grupo Supervielle, an Argentine bank with over $2 billion in assets, raised $281 million by offering 25.5 million ADSs at $11. It originally planned to raise $250 million by offering 20.8 million ADSs at a range of $11 to $13. Grupo Supervielle will dual list on the NYSE and in Buenos Aires under the symbol SUPV. Morgan Stanley and BofA Merrill Lynch acted as lead managers on the...read more

There are four companies set to debut in the week ahead, but only one company with substantial revenue and profit - small-cap Argentinian bank Grupo Supervielle (SUPV). Three additional deals launched and are set to price in May including the second-largest food distributor US Foods (USFD), set to raise $1 billion. If all deals on the calendar...read more