January 15, 2016
Mexican autoparts manufacturer Nemak, part of conglomerate Grupo Alfa, completed Latin America’s largest initial public offering of 2015 in July, listing 19.3% of the company for 11.9 billion pesos ($758 million). Making its debut on the Bolsa Mexicana de Valores, the equity listing was well received by investors and has provided the company with a strong platform to pursue an ambitious global growth strategy in markets such as the US, Europe, Latin America and Asia.
After 11 days of investor meetings in mid-June across 14 cities in Latin America, the UK, US and the Middle East, the company attracted a diverse group of investors from around the globe, Nemak chief executive Armando Tamez says
Latin America’s largest IPO of 2015 weathered the storm of a potential default in Greece, providing some light during a dark year for the equities market