Globcash delays IPO until late June

Globcash delays IPO until late June

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Mexican pawn shop company Globcash has rescheduled its initial public offering (IPO) for June 28, delaying the first share listing in the local market for two years, a company spokesperson told LatinFinance. Globcash, which operates the Casa Mazatlán brand of pawn shops, had planned to list its shares on the BIVA exchange in Mexico City on May 30, aiming to raise MXN1 billion to MXN1.15 billion ($50.8 million to $58.4 million) in an IPO priced at MXN11 per share. The company is going public to r

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