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Loma Negra Priced, NYSE: LOMA

Leading Argentine cement producer.

Industry: Materials

First Day Return: +12.4%

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.
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

Created with Highcharts 10.3.2Chart context menuLOMA vs. IPO Index (IPOUSA)Jan 2018Jul 2018Jan 2019Jul 2019Jan 2020Jul 2020Jan 2021Jul 2021Jan 2022Jul 2022Jan 2023Jul 2023Jan 2024Jul 2024Jan 2025Jul 20250%+ 100%+ 200%-100%View 5 days5dView 1 month1mView 3 months3mView year to dateYTDView 1 year1yView allAllRenaissance IPO IndexOur ETF tracks the IPO Index