Tricot has placed 27.7% of its shares in an Initial Public Offering
The private shareholders of Empresas Tricot have completed an IPO for 27.7% of its shares.
Founded in 1952, Empresas Tricot is a Chilean fast fashion retailer. The company has 80 stores in Chile selling coats, blouses, footwear products, jackets, sports products, skirts, jeans, wool products, leggings, pants, polar jackets, parkas, T-shirts, polerones, underwear, dresses and accessories for women; and footwear products, haberdashery products, jackets, sports products, wool products, jeans, pants, parkas, T-shirts, polerones, shorts and accessories for men. In addition to its retail business, Empresas Tricot has developed a financial business through its open credit card Tricot VISA.
Oaklins' team in Chile advised Empresas Tricot and acted as joint bookrunner in this Initial Public Offering.
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