Central Bancompany seeks valuation of up to $5.72bn in US IPO

Central Bancompany, an US-based financial institution, is preparing for an initial public offering (IPO) in the US with a target valuation of up to $5.72bn, reported Reuters. The bank is aiming to raise as much as $426.7m by selling 17.8 million shares, with proposed pricing between $21 and $24 per share. The bank’s class A common stock is currently listed on the over the counter (OTC) markets under the ticker “CBCY". Last month, Central Bancompany filed to list its shares on the Nasdaq Global Select Ma ...