Supervielle raises over $200 million in landmark IPO

Argentine financial group Supervielle said on Wednesday it raised around 3 billion pesos ($212.52 million) in the country's first initial public offering since 2010, cruising on a wave of investor interest in the country over pro-market reforms.
Shares of Grupo Supervielle SA, which controls Argentina's fifth-largest bank Banco Supervielle, will begin trading on stock exchanges in New York and Argentina on Thursday, the company said.
Investors have shown renewed interest in Argentina since center-right President Mauricio Macri moved to settle a legal battle over the nation's 2002 default and implement market-friendly reforms to revive the struggling economy.