Fibra Inn Launches IPO

Fibra Inn Launches IPO

Mexico Equity

Mexico’s Fibra Inn has launched an IPO targeting more than MXP3.5bn ($274m), with pricing scheduled for March 13. What would be the fourth entrant into Mexico’s real estate trust asset class plans to sell 127m primary and 79m secondary shares at MXP17.25-MXP19.75 each, according to regulatory documents, indicating a MXP3.80bn sale at the midpoint and assuming the exercise of a 15% greenshoe. The issuer expects about 50% of the sale to be placed internationally. The secondary portion includes sha

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