Empresa Distribuidora y Comercializadora Norte S.A. (EDENOR), the largest electricity distributor in Argentina, announced the terms of its IPO Tuesday. The company plans to offer 15.2 million ADSs, including 11.4 million from selling shareholders, at a price range of $16.00 to $18.00. Each ADS will represent 20 common shares, and the ADSs will trade on the NYSE. Citigroup and JPMorgan are underwriting the deal.
