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Alpek Rises after Debut

Apr 27, 2012

Mexico’s Alpek traded up Thursday following the late Wednesday night pricing of its MXP10.44bn ($794m) IPO at the bottom of its range. In the country’s first IPO since July, the Grupo Alfa-controlled petrochemicals producer sold 379.8m shares, including an overallotment, at MXP27.50 each, versus a MXP27.50-MXP31.50 range. The...

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