Mexico's Megacable Raises $555m in IPO

Mexico's Megacable Raises $555m in IPO

Equity

Mexican cable and broadcasting company Megacable priced its IPO late Tuesday at MXP34.50, above the MXP27.00-MXP33.00 filing range, which raised a $555m for the issuer. The book was heard several times oversubscribed, with 20% of it going to Mexican investors and 80% to international investors. Within the international group, 80% went to US investors, 30% European and 10% other countries, with a significant Brazilian participation, say bankers close to the deal. Megacable is the fourth Mexican I

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