Regional demand spurs Alsea

Regional demand spurs Alsea

Equity

Broad global demand for Alsea’s follow-on equity sale this week has underscored the reopening of equity markets for well-liked Latin American companies — and particularly Mexicans. Alsea’s stock traded up on Wednesday after the company raised MXN6.9bn ($530m), including over-allocation options, in a follow-on equity sale the previous day. The deal was priced at MXN45.75 per share, a 0.8% discount to Tuesday’s close. Shares reached MXN47.59 on Wednesday, and closed at MXN46.32. “This is definitel

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