Panama’s Bicapital to IPO in Mexico

Panama’s Bicapital to IPO in Mexico

Equity

Panamanian bank holding company Bicapital Corporation, the owner of Guatemala’s Banco Industrial and Honduras’ Banpais, is planning an IPO on the Mexican stock exchange. Banco Industrial had announced plans for an IPO on the Bolsa last November but never proceeded with a launch. The issuer filed a prospectus on the Bolsa Tuesday. Bicapital will list 12m shares on the Mexican exchange – 8.5m primary shares and 3.6m secondary shares – which represents approximately 23% of its total shares. The tra

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