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Guatemalan bank Bicapital withdraws $345 million US IPO

BICA

Bicapital, the largest bank in Guatemala with over $15 billion in assets, withdrew its plans for an initial public offering on Wednesday. It originally filed in May 2015 with a proposed deal size of $345 million. The Panama City, Panama-based company was founded in 1967 and booked $768 million in revenue for the 12 months ended June 30, 2017. It had planned to list on the NYSE...read more

Guatemala's largest bank Bicapital files for a $300 million US IPO

BICA

Bicapital, the largest financial services group in Guatemala with $12 billion in assets, filed on Friday with the SEC to raise up to $300 million in an initial public offering. Just one international bank went public in the US last year - Grupo Aval Acciones y Valores S.A. (AVAL). Grupo Aval, Colombia's largest bank, was already traded on the Colombia Stock Exchange but...read more

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