Alpek IPO Heard Well-bid
Apr 26, 2012
Mexico’s Alpek was due to price late Wednesday a MXP10.44bn-MXP11.96bn ($794m-$910m) IPO, which had been heard oversubscribed. The sale is to be the country’s first IPO since July with the Grupo Alfa-controlled petrochemicals producer looking to sell 379.8m shares, including an overallotment, at MXP27.50-MXP31.50 each. “This is an excellent company, and...
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