Bolsa Expected to Price IPO

Bolsa Expected to Price IPO


The Bolsa Mexicana de Valores was expected to price its IPO late last night, aiming to raise MXP4.6bn if at the midpoint of a MXP14-MXP19 range. The exchange prepared to sell 278.8m shares, including an overallotment, in what is to be the first IPO in Mexico since Megacable raised MXP6.8bn in November. It is hoped that a well-subscribed result at the high end of the range would encourage others to list in what has been a dry market, with only four IPOs in 2007. Issuers have gone abroad, most not

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