July 13, 2020 |
Cox Energy America has executed the first ever IPO in Mexico’s BIVA stock exchange, issuing MXN765m ($34m) in Serie II shares, the company announced in a securities filing.
The shares were offered at a price of MXN31.41 per share. The total amount issued represents 15% of the company’s valuation, which is now estimated at MXN5bn as a result of the IPO, Enrique Riquelme, founder and president of Cox Energy, said in a press release.
Vector led the IPO as placement agent and structuring agent. BIVA
Subsidiary of Spanish renewables company goes public by issuing $34m in shares