The Dominican Republic office of Squire Patton Boggs represented long-time client CCI Puesto de Bolsa, S.A., a Santo Domingo-based securities broker, in securing all necessary regulatory approvals to undertake an initial public offering of its stock within the securities market of the Dominican Republic, the first such offering ever to be approved in the history of that country. Feller Rate has rated CCI Puesto de Bolsa’s solvency at BB with a stable outlook.
“We’re pleased to have advised CCI Puesto de Bolsa in this significant milestone of its ongoing business growth,” commented partner Awilda Alcantara-Bourdier, who, along with Senior Associate Polibio Valenzuela, led the Squire Patton Boggs team. “This IPO demonstrates CCI Puesto de Bolsa’s commitment to the Dominican Republic as well as to implementing world class corporate governance standards and paves the way for other local entities to follow.”
“We are honored to have had the opportunity to be a part of this historic transaction, which will undoubtedly have a transformative effect on the securities market of the Dominican Republic,” said Alejandro Peña-Prieto, managing partner of the Squire Patton Boggs Santo Domingo office.
In addition to Ms. Alcantara-Bourdier and Mr. Valenzuela, the Squire Patton Boggs team representing Puesto de Bolsa in this transaction included Santo Domingo associate Paola Checo.