Cemex LatAm Sets Price Range

Cemex LatAm Sets Price Range

Colombia Mexico Equity

Cemex has set the price range for the IPO of its Cemex LatAm unit, it says, a transaction that would raise COP1.54trn ($857m) at the midpoint. In the carve-out of the Mexican Cement maker’s assets in Colombia, Panama, Costa Rica, Brazil, Guatemala, Nicaragua and El Salvador, it is offering 126m shares, including a 15% greenshoe, at COP11,000-13,500 each. Investor meetings are underway, with pricing expected the week of November 5. The setting of a price range – as opposed to a single fixed price

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial