IEnova IPO Hits Top of the Range

IEnova IPO Hits Top of the Range

Mexico Equity

Infraestructura Energetica Nova (IEnova) has priced its IPO at the top of the range, and expected to raise MXP7.41bn ($596m) after getting at least eight times demand, according to people following the transaction. The first-ever IPO in Mexico’s energy sector offered 218m primary shares at MXP34.00, coming against a MXP30.00-MXP34.00 range. The share total includes an expected greenshoe option. The Mexican unit of Sempra Energy is seen as having a strong foothold in the country’s gas distributio

Already have an account?

Free trial

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

Free Trial