IPO: Cementos Pacasmayo SAA (CPAC)

Cementos Pacasmayo SAA (CPAC), which produces and distributes cement for construction in Peru, plans to raise $245 million by offering 20,000,000 shares at a price range of $11.50 to $13.00. At the midpoint of the proposed range, Cementos Pacasmayo SAA will command a market value of $1.39 billion. Cementos Pacasmayo SAA, which was founded in 1949, booked $349 million in sales over the last 12 months. The Lima, Peru-based company plans to list on the NYSE under the symbol CPAC. J.P. Morgan is the lead underwriter on the deal. Please note: We are not issuing research on this IPO.