Mexican Lender Launches IPO

Oct 2, 2012

Mexico's Credito Real has launched an IPO targeting MXP2.22bn-MXP2.63bn ($172m-$205m), according to regulatory documents, with pricing scheduled for October 16. The specialist in payroll, group microbusiness and durable goods loans plans to sell 101m shares at MXP22.00-MXP26.00 each, indicating an MXP2.43bn transaction if priced...

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