Bicapital Corp Form F-1/A Filed 2017-07-11
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SECURITIES AND EXCHANGE COMMISSION FORM F-1/A Registration statement for securities of certain foreign private issuers [amend] Filing Date: 2017-07-11 SEC Accession No. 0001193125-17-226161 (HTML Version on secdatabase.com) FILER Bicapital Corp Mailing Address Business Address AV. FEDERICO BOYD NO. 18 AV. FEDERICO BOYD NO. 18 CIK:1639980| IRS No.: 000000000 | State of Incorp.:R1 | Fiscal Year End: 0331 AND 51ST ST. AND 51ST ST. Type: F-1/A | Act: 33 | File No.: 333-204429 | Film No.: 17960519 SCOTIA BANK PLAZA 11TH SCOTIA BANK PLAZA 11TH SIC: 6029 Commercial banks, nec FLOOR FLOOR PANAMA CITY R1 PANAMA CITY R1 0816-03356 0816-03356 5073969872 Copyright © 2017 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document Table of Contents As filed with the Securities and Exchange Commission on July 11, 2017. Registration No. 333-204429 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Amendment No. 5 to Form F-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 Bicapital Corporation (Exact name of Registrant as specified in its charter) Republic of Panama 6029 Not Applicable (State or other jurisdiction of (Primary Standard Industrial (I.R.S. Employer incorporation or organization) Classification Code Number) Identification No.) Bicapital Corporation Samuel Lewis Avenue and 57th Street Obarrio Panama City, Panama + (507) 396-9852 (Address, including zip code, and telephone number, including area code, of Registrants principal executive offices) CT Corporation System 111 Eighth Avenue New York, New York 10011 (212) 894-8940 (Name, address, including zip code, and telephone number, including area code, of agent for service) Copies of all communications, including communications sent to agent for service, should be sent to: Jorge U. Juantorena, Esq. Juan Francisco Méndez, Esq. Cleary Gottlieb Steen & Hamilton LLP Simpson Thacher & Bartlett LLP One Liberty Plaza 425 Lexington Avenue New York, New York 10006 New York, New York 10017 (212) 225-2758 (212) 455-2579 Approximate date of commencement of proposed sale of the securities to the public: As soon as practicable after this registration statement becomes effective. If any of the securities being registered on this Form are to be offered on a delayed or continuous basis pursuant to Rule 415 under the Securities Act of 1933, check the following box: ☐ If this Form is filed to register additional securities for an offering pursuant to Rule 462(b) under the Securities Act, check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. ☐ If this Form is a post-effective amendment filed pursuant to Rule 462(c) under the Securities Act, check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. ☐ If this Form is a post-effective amendment filed pursuant to Rule 462(d) under the Securities Act, check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. ☐ If delivery of this prospectus is expected to be made pursuant to Rule 434, check the following box. ☐ Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933. Emerging growth company ☐ If an emerging growth company that prepares its financial statements in accordance with U.S. GAAP, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 7(a)(2)(B) of the Securities Act. ☐ The term new or revised financial accounting standard refers to any update issued by the Financial Accounting Standards Board to its Accounting Standards Codification after April 5, 2012. Copyright © 2017 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document CALCULATION OF REGISTRATION FEE Proposed maximum Title of each class of aggregate Amount of securities to be registered offering price(2) registration fee(3) Common shares(1) US$345,000,000 US$40,089 (1) Includes common shares that the underwriters have the option to purchase, if any, and common shares that are to be offered outside the United States but that may be resold from time to time in the United States in transactions requiring registration under the Securities Act. Offers and sales of common shares outside the United States are being made pursuant to Regulation S and are not covered by the Registration Statement. (2) Estimated solely for the purpose of computing the amount of the registration fee pursuant to Rule 457(o) under the Securities Act. (3) The full amount of the registration fee was previously paid on May 22, 2015 and August 28. 2015. Accordingly, no additional fee is due in connection with this filing. The Registrant hereby amends this registration statement on such date or dates as may be necessary to delay its effective date until the Registrant shall file a further amendment which specifically states that this registration statement shall thereafter become effective in accordance with Section 8(a) of the Securities Act of 1933, as amended, or until this registration statement shall become effective on such date as the Commission, acting pursuant to said Section 8(a), may determine. Copyright © 2017 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document Table of Contents The information in this preliminary prospectus is not complete and may be changed. These securities may not be sold until the registration statement filed with the Securities and Exchange Commission is effective. This prospectus is not an offer to sell nor does it seek an offer to buy these securities in any jurisdiction where the offer or sale is not permitted. SUBJECT TO COMPLETION, DATED JULY 11, 2017 PRELIMINARY PROSPECTUS Shares Common Stock US$ per share This is Bicapital Corporations initial public offering. We are selling shares of our common stock. We anticipate that the initial public offering price will be between US$ and US$ per share. Currently no public market exists for our shares. We will apply to list our shares on the New York Stock Exchange (NYSE) under the symbol BICA. Investing in the shares involves risks. See Risk Factors beginning on page 20. Underwriting Proceeds Discount and to us before Price to Public Commissions expenses* Per Share US$ US$ US$ Total US$ US$ US$ * We have agreed to reimburse the underwriters for certain expenses in connection with this offering. See Underwriting. We have granted the underwriters an option for a period of 30 days after the date of this prospectus to purchase from us up to an additional shares, at the public offering price, less the underwriting discount. Neither the U.S. Securities and Exchange Commission nor any state securities commission has approved or disapproved of these securities or determined if this prospectus is truthful or complete. Any representation to the contrary is a criminal offense. Neither this offering nor the shares have been registered in the Republic of Panama (Panama) and therefore are not subject to the Panamanian laws applicable to public offerings in Panama. The information contained in this prospectus has not been approved or disapproved by the Panamanian Superintendency of the Securities Market (Superintendencia del Mercado de Valores, or Panamanian SMV). The shares may not be sold in Panama except in compliance with the securities laws of Panama. The underwriters expect to deliver the shares to purchasers on or about , 2017 through the book entry facilities of The Depository Trust Company. Global Coordinators and Joint Bookrunners BofA Merrill Lynch Citigroup Copyright © 2017 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document The date of this prospectus is , 2017 Copyright © 2017 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document Table of Contents TABLE OF CONTENTS Page PRESENTATION OF FINANCIAL AND OTHER INFORMATION iii SUMMARY 1 THE OFFERING 14 SUMMARY CONSOLIDATED FINANCIAL AND OPERATING INFORMATION 16 RISK FACTORS 20 SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS 48 EXCHANGE RATES 50 USE OF PROCEEDS 52 CAPITALIZATION 53 DILUTION 54 SELECTED CONSOLIDATED FINANCIAL INFORMATION 55 MANAGEMENTS DISCUSSION AND ANALYSIS OF OUR FINANCIAL CONDITION AND RESULTS OF OPERATIONS 59 SELECTED STATISTICAL INFORMATION 127 INDUSTRY 160 BUSINESS 177 RISK MANAGEMENT 216 REGULATION AND SUPERVISION 225 MANAGEMENT 246 PRINCIPAL SHAREHOLDERS 257 RELATED PARTY TRANSACTIONS 261 DESCRIPTION OF SHARE CAPITAL AND ARTICLES OF INCORPORATION 264 DIVIDENDS AND DIVIDEND POLICY 276 TAXATION 277 UNDERWRITING 283 EXPENSES OF THE OFFERING 293 VALIDITY OF SECURITIES 294 EXPERTS 295 WHERE YOU CAN FIND MORE INFORMATION 296 ENFORCEABILITY OF CIVIL LIABILITIES 297 INDEX TO FINANCIAL STATEMENTS F-1 We are responsible for the information contained in this prospectus. Neither we nor the underwriters have authorized anyone to provide any information, or to make any representations, other than the information contained in this prospectus or in any free writing prospectuses we have prepared. We take no responsibility for, and can provide no assurance as to the reliability of, any other information that others may give you. We are offering to sell shares of common stock only in jurisdictions where offers and sales are permitted. The information in this prospectus is accurate only as of the date of this prospectus, regardless of the time of delivery of this prospectus or any sale of shares of our common stock. Our business, financial condition, results of operations and prospects may have changed since that date. Through and including , 2017 (the 25th day after the date of this prospectus), U.S. federal securities law requires all dealers that effect transactions in our shares, whether or not participating in this offering, to deliver a prospectus.