Sempra Mexico Oversubscribed Ahead of IPO

Sempra Mexico Oversubscribed Ahead of IPO

Mexico Equity

Infraestructura Energetica Nova (IEnova) is heard with books well oversubscribed ahead of today’s scheduled IPO targeting at least MXP6.54bn ($528m). Investors have demonstrated interest in Mexican deals this year, though a tendency towards pricing at the bottom of the range suggests a disagreement on valuations that has characterized the IPO market in LatAm in the past few years. With IEnova, the Mexican unit of US-based Sempra Energy, buyers see the upside of energy reform initiatives targeted

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