Mexican Specialist Lender Set for IPO

Mexican Specialist Lender Set for IPO

Mexico Equity

Mexico's Credito Real is scheduled to price an IPO today, targeting around $200m. The sale should test appetite for smaller-cap issuers, seen by many to play a role in Mexico’s forecasted expansion in ECM issuance along with larger trades from the likes of Santander Mexico and Mexichem. The specialist in payroll, group microbusiness and durable goods loans would raise MXP2.43bn ($190m) if the 101m shares priced at the midpoint of the MXP22.00-MXP26.00 range. A 15% greenshoe is also possible. Abo

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