October 18, 2018 |
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
Mexican retailer postpones equity sale indefinitely after engaging in talks with two investment banks, source