RE: Columbian IPOPresent shareholders of PBG will likely benefit from the IPO by retaining a significant portion of the ownership through shares in Petrominerales granted in the IPO. Petrominerales gains value from the cash realized in the IPO. The percentage of Petrominerales that PBG retains as a major shareholder increases in value along with it. The infusion of capital raises total asset value (cash is an asset)and provides the funding to explore, develop or aquire property, all the things companies do to build value, increasing Petrominerales' potential.
M.