Cemex Set for LatAm IPO

Cemex Set for LatAm IPO

Colombia Mexico Equity

Cemex is scheduled to price the IPO of its Cemex LatAm unit tonight, targeting more than COP1.50trn ($820m). The Colombian-listed carve-out of the Mexican Cement maker’s assets in Colombia, Panama, Costa Rica, Brazil, Guatemala, Nicaragua and El Salvador is offering 126m shares, including a 15% greenshoe, at COP11,000-13,500 each. This would indicate a COP1.54trn transaction at the midpoint. The setting of a price range – as opposed to a single fixed price given at the opening of the order perio

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