Enjoy SA, a Chilean casino and hotel operator has raised $42 million in an initial public offering on the Santiago stock exchange. The funds wills be used to service existing debt and finance new expansion projects. It’s IPO released 462 million shares at 50 Chilean pesos each just before the market opened. The share traded as high as 54 before dropping to 48 Chilean pesos.

According to a release by the company, local institutional investors acquired a total of 184 million shares, foreign institutional investors bought 35 million, employees bough 22.7 million and retail investors bought 220.3 million.

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