Mifel, Coppel hold off on IPOs

Mifel, Coppel hold off on IPOs

IPO Equity Capital Markets

Mexican retailer Grupo Coppel is holding off on pursuing an IPO in the immediate-term after sources confirmed the company had indefinitely postponed a potential equity sale. Bank of America Merrill Lynch and Morgan Stanley had been selected to lead an underwriting process that could have raised more than $1bn, two sources familiar with the company's plans said. When contacted by LatinFinance, sources at the US investment banks declined to comment or could not be reached before this article was

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