Interacciones Re-IPO Prices Near Bottom

Interacciones Re-IPO Prices Near Bottom

Mexico Equity

Grupo Interacciones has priced near the bottom of the range an equity sale that should raise MXP4.2bn ($327m), according to people familiar with the transaction, viewed as a “re-IPO.” The Mexican specialist in public sector and infrastructure lending is selling 39m primary shares and 30m secondary shares, assuming the use of a 15% all-primary greenshoe, at MXP61.00 each. The issuer had elected to set a MXP60.00-MXP69.00 range despite the trade not technically being an IPO, as less than 10% of th

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