Hoteles City Sets Bolsa Check-in Date

Hoteles City Sets Bolsa Check-in Date

Mexico Equity

Hoteles City plans to price its IPO June 13 and is targeting $250m, according to regulatory documents. The Mexican operator of hotel chains including City Suites and City Express is planning a sale of 87m primary and 34.5m secondary shares at MXP24.00-MXP29.00 each, indicating a MXP3.22bn ($251m) size at the midpoint. The total assumes a 15% greenshoe. Secondary share sellers include founders and company officials, as well as investors including Wamex, the IFC and the IDB. Proceeds from the prim

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