Fibra Multifamily readies IPO in Mexico

Fibra Multifamily readies IPO in Mexico

Corporate & Sovereign Strategy Equity IPO Mexico Capital Markets

Fibra Multifamily, a Mexican real estate investment trust (REIT) backed by local developer Grupo Favier, is preparing an initial public offering (IPO) for July or August, Jorge Martínez Chávez, the REIT's managing director, told LatinFinance. The REIT aims to raise at least MXN3 billion ($150 million) in the IPO, but it could increase the size of the offering by 15%, or MXN450 million, in the case of strong demand, according to a presentation to investors. Grupo Favier, which created Fibra Multi

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