Bolsa Shares Droop at Debut

Bolsa Shares Droop at Debut

Equity

Setting the tone for this week's Genomma IPO, the Bolsa Mexicana de Valores suffered a lackluster equity debut that saw the shares retrace 17.5% from the high point of MXP20.00 Friday. The first domestic Mexican IPO in seven months launched at MXP16.50 Thursday and was expected to lead resurgence in local equity activity. Volume peaked in the last hour of the day, as the stock dropped to close at MXP16.49, according to Economatica. “The shares closed at the IPO price which means they were proper

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