Cox Energy America executes first BIVA IPO

Cox Energy America executes first BIVA IPO

IPO Energy Mexico

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

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial