Mall Fibra Prices at Bottom of Range

Mall Fibra Prices at Bottom of Range

Mexico Equity

Mexican retail property-focused real estate fund Fibra Shop has priced an IPO that should raise MXP5.46bn ($437m), a deal landing at the bottom of its price range. Demand for the transaction, Mexico’s sixth Fibra, was heard at 1.5x-2.0x. The fund is selling 214m primary shares, assuming a 15% greenshoe, and 98m secondary shares at MXP17.50 each, according to people following the sale, versus a MXP17.50-MXP19.50 range. The primary proceeds will go to finance existing loans and real estate acquisi

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