Fibra IPO Begins Taking Orders

Fibra IPO Begins Taking Orders

Mexico Equity

Mexican developer Grupo Danhos is moving ahead with its Fibra real estate fund plans, targeting more MXP6bn ($460m) in an October 8 pricing. The developer plans to sell 200m shares at MXP26.00-MXP28.00 each, according to offering documents, meaning a MXP6.21bn sale at the midpoint if a 15% greenshoe is included. The transaction includes both Mexican and international tranches. The fund begins with four shopping centers, four office buildings and three mixed-use properties, all in Mexico City, an

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