Vinte in talks with banks for IPO

Vinte in talks with banks for IPO

Equity

Mexican homebuilder Vinte is in discussions with banks over its aim to raise around MXN1bn ($78m) through a local IPO, its chief financial officer told LatinFinance. β€œThe amount we could raise in a national IPO would allow us to invest in the short to medium term β€” in the 18 months after the listing β€” and see ROE recover in the second year,” said Domingo Valdes. The company has posted 20% ROE in the past six years, he said. The IFC and the IDB are shareholders in the company. The transaction is

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