Havanna Holdings S.A is preparing an Initial Public Offering (IPO) on the Buenos Aires Stock Exchange. Havanna announced on May 30, 2016 that it will offer 17.5% of its capital in order to raise funds for an industrial expansion project. Havanna’s IPO will be the first on the Buenos Aires Stock Exchange in the past five years. The IPO aims to raise funds to finance a portion of the $7 Million investment program for the construction of a new factory in Batán, within 13 kilometers of Mar del Plata, where production is now divided into three units.