Genomma Trades Up After Pricing at Low Point

Genomma Trades Up After Pricing at Low Point

Equity

Genomma Lab’s shares closed up at MXP16.67 on the first day of trade on the Mexican Bolsa, after pricing $200m in an IPO late Tuesday night at MXP16, the low end of a MXP16-20 target. The Mexican healthcare product producer’s shares gained about 4.2% despite an overall drop of about 1.0% in the IPC Wednesday. The offering follows the Bolsa’s own IPO last week, in which shares slid after pricing at the midpoint, and other smaller-sized LatAm offerings in Brazil this year that priced below their r

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