After several months of analysis, Cementos Argos plans to launch its United States’ business on the New York Stock Exchange (NYSE) through an initial public offering (IPO).
Argos said that the IPO “will contribute to the purpose of fully capturing the business value of the company, optimizing the capital structure, and obtaining the necessary resources to continue executing the growth strategy that the company plans to achieve in [the] country.”
The IPO will be implemented once the structuring process has been completed, in compliance with applicable U.S. regulations. Taking this process into account, Argos expects to carry out the issuance in the second half of 2022.
