1 July 2019
The Weekly

Cencosud Shopping, owner of IGDS Member Paris Department Stores, debuts on the stock exchange with a record. The subsidiary of shopping centers of the Chilean retail group has debuted in the Chilean market, starring in the largest market opening in the history of the country. The first titles of Cencosud Shopping were placed 3.21% above the minimum price of the offer, that is 1,521 Chilean pesos ($2.2). Cencosud Shopping offered as many as 474mn shares on the exchange, or approximately 28% of the division. In its first hours, the group raised $1.055bn, compared to the $1bn forecast last week. In this way, Cencosud Shopping has dethroned rival Mallplaza (owned by Falabella), which last year debuted on the Chilean stock exchange with the latest record, raising $580mn.