RAGHSA, a leading developer of high-end real estate projects with a track record of more than 55 years in the market, announces its Initial Public Offering (IPO) as a key step in its strategic expansion process. This decision reflects the company's strong commitment to sustained growth and the consolidation of its presence in the global market.
Mariano Vega, RAGHSA General Manager, pointed out: «The takeover bid is part of our growth and expansion strategy. We have been preparing for this step for some time now, at a time when the company is fully established and ready to move forward strongly».»
IPO Objective and Growth Projection
The main objective of the offering is to continue to strengthen its capital structure to maintain its sustainable growth. The company will focus on expanding its portfolio and optimising its operations to continue to lead the high-end real estate market.
In terms of projected growth, Vega affirmed: «We aim to develop and expand our business plan, consolidating our leading position in the corporate real estate market and seizing new opportunities. Among the most noteworthy projects, we are working on the development of a new corporate building of 50 000 m², which will be built on a 2800 m² plot of land on the North zone of the City of Buenos Aires, with which we will achieve 145 000 m² profitable corporate portfolio». This new project will have an estimated investment of 110 million.”
Geographic Diversification of the Portfolio
RAGHSA has shown a sustained growth in revenues and profitability in recent years. «We measure our growth strategically through the increase in rentable square metres. Over the past five years, we have achieved an increase of 50% in leasable commercial office space in Argentina. Upon completion of our next building, we are projecting additional growth of 20% in this area, commented Mariano Vega.
The company has maintained a commitment to transparency, and all historical information on its performance is publicly available through the section INVESTORS on its website.
Assessment and Type of Action
The following will be offered class “A” ordinary shares” one vote, for a minimum of 23,830,213 shares, which may be increased to 41,482,223 shares. The indicative price range will be between $ 907 and $ 1,685 per share, taking into account the nominal value plus share premium. The price per share will be determined through the process of book-building, according to market demand.
Commitment to Innovation, Sustainability and Quality
RAGHSA has been recognised for more than five decades for quality, design, cutting-edge technology and safety.
In addition, its corporate policy is strongly committed to environmental stewardship, This is reflected in the construction of corporate buildings designed under LEED and Well standards, designed to minimise the impact on natural resources and improve the quality of life of their inhabitants; they are also developed under NFPA fire prevention and safety standards.National Fire Protection Association). Mariano Vega concluded: «We are convinced that this initiative will contribute significantly to strengthening the reputation of our company, increasing its prestige, solidity, credibility and transparency. Our objective is to consolidate our position in a highly competitive market, always maintaining our capacity to respond with agility and excellence to the demands of the capital markets.»
