Renaissance Capital logo

Peru's Intercorp Financial files for a $400 million NYSE listing

October 9, 2014

Intercorp Financial Services, a leading banking and financial services firm in Peru, filed on Thursday with the SEC to raise up to $400 million in a NYSE listing. The company is currently traded on the Lima Stock Exchange under the symbol IFS ($30.90 per share, $3.5 billion market cap).

Intercorp Financial's listing follows that Grupo Aval (AVAL), another major South American banking group, which raised $1.1 billion in September when it listed preferred shares on the NYSE. 

The Lima, Peru-based company, which was founded in 1897 and booked $568 million in net interest and noninterest income for the six months ended June 30, 2014, plans to list on the NYSE under the symbol IFSP. BofA Merrill Lynch, Credit Suisse, Morgan Stanley and Itau BBA are the joint bookrunners on the deal. No pricing terms were disclosed.