Mexicans Ready to Kick off IPO Pipeline

Mexicans Ready to Kick off IPO Pipeline

Mexico Equity

Real estate plays Grupo Hotelero Santa Fe and Fibra Danhos are scheduled to price IPOs today targeting MXP4bn ($304m) and MXP6bn, respectively, as the October ECM issuance window gets underway. Hotel operator Santa Fe plans to sell 201m shares, if a 15% greenshoe is included, at MXP18.00-MXP22.00 each, meaning a MXP4.03bn size at the midpoint. The issuer expects 84% of the deal to consist of primary shares, and the remainder to be secondary shares sold by investors Nexxus Capital and Walton Stre

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