Commercial Developer Prices Fibra

Commercial Developer Prices Fibra

Brazil Equity

Mexican developer Grupo Danhos has priced an IPO of its Fibra real estate fund that should raise MXP5.98bn ($454m), with the deal coming at the bottom of the range. The developer is selling 200m primary shares at MXP26.00 each, according to people familiar with the matter, meaning a MXP5.98bn total assuming a 15% greenshoe is included. The price comes versus a MXP26.00-MXP28.00 price range. Roughly 40% of the deal was expected to be placed with international investors, and the remainder in Mexic

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