OHL Slides at Mexico Debut

OHL Slides at Mexico Debut

Mexico Equity

Shares of OHL Concesiones Mexico traded down in their first session following an MXP11.20bn IPO, which came at the low end of the targeted range. The Mexican concession unit of the Spanish builder priced 447.8m shares, including a greenshoe, at MXP25.0, just inside the MXP24.0-MXP30.0 range. The stock then closed down 4.0% at MXP24.0 Thursday, while the Bolsa fell 0.3% on the day. “It is not so important that it came at the lower end, as we are talking about assets with years of income generatio

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