Genomma Goes Public in Mexico

Genomma Goes Public in Mexico


Mexico’s Genomma Lab was finalizing details of its IPO late last night. The maker of health care and beauty products was set to offer 150.5m shares, including a 19m-share greenshoe, at between MXP16-MXP20, expecting to raise around $300m. The offering represents about one-third of Genomma’s capital, and proceeds will be used to pay short-term debt, build a new distribution center and buy patents, brands, products and companies, according to the prospectus. The sale is the second IPO in a week in

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