Intercorp Financial Services (IFS) to Raise $423 Million in IPO

Intercorp Financial Services (IFS) expects to raise $423 million in an initial public offering on Friday, July 19th, IPO Scoop reports. The company plans to issue 9,000,000 shares at $44.00-$50.00 per share.

In the last twelve months, Intercorp Financial Services generated $1.4 billion in revenue and $359.6 million in net income. Intercorp Financial Services has a market-cap of $5.3 billion.

BofA Merrill Lynch, J.P. Morgan and Itaú BBA served as the underwriters for the IPO and Inteligo SAB was co-manager.

Intercorp Financial Services provided the following description of their company for its IPO: “(Note: A public offering: “Our common shares are listed on the Lima Stock Exchange (Bolsa de Valores de Lima) under the symbol “IFS”. On July 2, 2019, the last reported sales price of IFS common shares on the Lima Stock Exchange was U.S.$46.01 per share.”) IFS is a leading provider of banking, insurance and wealth management services for retail customers and commercial clients in Peru. Our purpose is to empower all Peruvians to achieve financial well-being, and as such, we have built an integrated financial services platform in the fast-growing, underpenetrated and profitable Peruvian financial system. We have invested in building a leading and scalable digital platform (mobile and online), which is rapidly being adopted by existing and new customers. “.

Intercorp Financial Services was founded in 1897 and has 6759 employees. The company is located at Av. Carlos Villarán 140, 5th Floor, Urbanización Santa Catalina, La Victoria, Lima 13, Peru and can be reached via phone at +(511) 615-9011 or on the web at

Receive News & Ratings for Intercorp Financial Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Intercorp Financial Services and related companies with's FREE daily email newsletter.

Leave a Reply