Mexican Lender Launches IPO

Mexican Lender Launches IPO

Mexico Equity

Mexico's Credito Real has launched an IPO targeting MXP2.22bn-MXP2.63bn ($172m-$205m), according to regulatory documents, with pricing scheduled for October 16. The specialist in payroll, group microbusiness and durable goods loans plans to sell 101m shares at MXP22.00-MXP26.00 each, indicating an MXP2.43bn transaction if priced at the midpoint. A 15% greenshoe is also possible. About 73% of the deal is planned to be primary shares, with the remainder secondary shares to be sold by investors inc

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