Fibra Inn Checks in at Midpoint

Fibra Inn Checks in at Midpoint

Mexico Equity

Mexico’s Fibra Inn has priced a MXP3.81 ($307m) IPO, landing at the midpoint of the range. The deal drew at least 2x demand to become the second hotel-focused and fourth overall Fibra Mexican real estate income trust. Fibra Inn sold 127m primary and 79m secondary shares at MXP18.50 each, versus a MXP17.25-MXP19.75 range, according to sources following the deal. The total assumes the exercise of a 15% greenshoe. The issuer had been expected to sell about 50% of the sale internationally, according

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