Sempra Mexico Launches IPO

Sempra Mexico Launches IPO

Mexico Equity

Sempra Energy Mexico, or Infraestructura Energetica Nova (IEnova) as it is to be known going forward, has launched its IPO, targeting MXP6.98bn ($551m) in a March 21 pricing. The Mexican unit of US-based Sempra energy plans to sell 218m primary shares at MXP30.00-MXP34.00, according to a prospectus, indicating a MXP6.98bn deal at the midpoint, or MXP5.69bn at the bottom of the range, where non-Fibra Mexican IPOs have been pricing this year. The total assumes a 15% greenshoe. The sale will repres

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial