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Globcash puts off IPO for fourth time

Globcash puts off IPO for fourth time

December 26, 2022 | Rodrigo Alonso Cruz
Mexican pawn shop operator now plans to make its market debut in the second quarter next year, company source says

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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

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