Galicia Financial Group Trading Volume Surges 412% to Rank 241st Despite Stock Price Decline

On June 11, 2025, the trading volume of Galicia Financial Group (GGAL) reached 4.24 billion, marking a significant increase of 412.08% compared to the previous day. This surge placed GGAL at the 241st position in terms of trading volume for the day. However, despite the high trading volume, the stock price of GGAL experienced a decline of 1.97%.

Grupo Financiero Galicia S.A. has announced the pricing of an underwritten secondary offering by HSBC Bank plc. The offering includes approximately 11.72 million American Depositary Shares (ADSs), which represent about 117.21 million Class B ordinary shares of the company. Each share has a par value of Ps.1.00. The public offering price is set at $54.25 per ADS. The ADSs are not authorized for public offering in Argentina by the Argentine National Securities Exchange Commission and are not being offered or sold publicly under the Argentine Capital Markets Law. The selling shareholder will receive all of the proceeds from the offering, while the company itself is not selling any ADSs and will not receive any proceeds from the offering. Morgan Stanley & Co. LLC and Goldman Sachs & Co. LLC are acting as representatives of the underwriters of the offering. The offering is expected to close on June 12, 2025, subject to customary closing conditions.