March 27, 2019 |
Bricks Acquisition has again postponed a planned $100m IPO — the only such offering scheduled to take place in the first half of the year in Mexico — amid market volatility, LatinFinance has heard.
"We won't be coming out this week," said Bricks CEO Alberto Azpúrua. "The timeline for different investor committees keeps getting postponed."
Bricks had planned to list its shares on Mexico's alternative stock exchange BIVA on March 29, but it had trouble convincing local pension plans, or afores,
Mexican real estate investor finds it difficult to convince afores to buy shares, CEO says