Grupo Aval Acciones y Valores S.A., Colombia's largest banking group with $86 billion in total assets, raised $1.1 billion by offering 81.5 million ADSs at $13.50. Each ADS represents 20 preferred shares, which trade on the Colombia Stock Exchange under ticker PFAVAL. Grupo Aval Acciones y Valores S.A. plans to list on the NYSE under the symbol AVAL. J.P. Morgan, Goldman Sachs, Citi and Morgan Stanley acted as lead managers on the deal.
