No Javer IPO Planned Short-Term

No Javer IPO Planned Short-Term

Equity

Mexican homebuilder Servicios Corporativos Javer is not planning an IPO in the short term, as was rumored Monday, says the company’s new chairman Ricardo Rodriguez. Private equity group Southern Cross, Evercore and Mexico Capital Partners announced Monday that they had taken a 60% stake in Javer. Rodriguez, who is also president of Southern Cross, says that the new owner sees a lot of room to grow and that public valuations are not currently attractive. “In the future that may be the right marke

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