Cemex LatAm Pours at Midpoint

Cemex LatAm Pours at Midpoint

Colombia Mexico Equity

Cemex has priced the IPO of its Cemex LatAm unit at the midpoint of its range, in an upsized deal that should raise more than $1bn-equivalent, according to people familiar with the sale. The Colombia-listed carve-out of the Mexican cement maker’s assets in Colombia, Panama, Costa Rica, Brazil, Guatemala, Nicaragua and El Salvador had a book heard to be at least 2x subscribed Tuesday, in a transaction that also offered a few firsts for a Colombian listing. The base deal was upsized to include 148

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