Buydepa has completed an IPO through ScaleX

Buydepa S.p.A. has successfully raised US$3.1 million (CLP3 billion) through its stock market debut on ScaleX (Santiago Venture Exchange). The company placed 12% of its shares through a capital increase, with subscriptions from a local institutional investor and a broad base of high-net-worth qualified investors.

With the funds raised through this placement, Buydepa will allocate 90% to strengthening its equity base, enabling it to secure greater real estate financing, while the remaining 10% will focus on promoting new, asset-light products and incorporating innovative tools to simplify the purchase and sale of properties.

Buydepa has developed a unique business model that focuses on the instant purchase, renovation and sale of properties valued at less than US$142,430 (UF3,500). The company offers recently renovated, semi-new apartments with accessible financing options, including interest-free down payment plans.

Oaklins’ team in Chile acted as the financial advisor and placement agent in the IPO of Buydepa (BCS: BUYDEPAX) through ScaleX. This transaction marks the second placement sponsored by Oaklins Chile on ScaleX, the financing market for start-ups and scale-ups promoted by the Santiago Stock Exchange and Corfo, which currently hosts six listed companies. It further solidifies the team’s position as a leading financial advisor in this market.