Globcash puts off IPO for fourth time

Globcash puts off IPO for fourth time

IPO Central America Mexico Capital Markets Equity Corporate & Sovereign Strategy

Mexican pawn shop operator Globcash has rescheduled a planned initial public offering (IPO) for at least the fourth time, pushing the deal back to the second quarter the next year, a company source told LatinFinance. "The specific scenario in Mexico is a very unattractive context to enter a pre-IPO," the source said, citing high inflation and interest rates, together with signs of a possible recession in the United States, as factors for rescheduling the IPO. Globcash, which operates the Casa Ma

Already have an account?

Free trial

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

Free Trial