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Loma Negra Priced, NYSE: LOMA

Leading Argentine cement producer.

Industry: Materials

First Day Return: +12.4%

Industry: Materials

We are the leading cement producer in Argentina. We produce and distribute cement, masonry cement, aggregates, concrete and lime to wholesale distributors, concrete producers, and industrial customers. Our products are primarily used in construction, which we expect to grow at a CAGR of 7.2% over the next five years and have a market share of 45.4% in terms of sales volume in Argentina for the 1H17, according to the AFCP. We hold significant limestone reserves and we estimate that our existing quarries have sufficient reserves to support our operations for over 100 years, based on our 2016 cement production levels. We also own 51% of an integrated cement production plan in Paraguay, where we are one of two leading cement producers and control 46% market share based on 1H17 sales volume.
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IPO Data
IPO File Date 09/05/2017
Offer Price $19.00
Price Range $15.00 - $19.00
Offer Shares (mm) 46.0
Deal Size ($mm) $874
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 10/31/2017
Offer Price IPO Intelligence Only
Price Range IPO Intelligence Only
Offer Shares (mm) IPO Intelligence Only
Deal Size ($mm) $874
Lock-Up Date IPO Intelligence Only
Street Research IPO Intelligence Only
Underwriters
IPO Intelligence Only
Company Data
Headquarters Buenos Aires, Argentina
Founded 1926
Employees at IPO 3,258
Website lomanegra.com.ar

Loma Negra (LOMA) Performance