January 15, 2016 |
After Mexico’s pipeline of equity market transactions started to take shape late last year, equities bankers were bullish on the country’s prospects in 2016. Homebuilder Javer is expected to return to the market in January, after the company postponed its initial public offering in December.
Other deals found their opportunity to launch late last year. In November, Mexican airline Volaris raised $170 million in a follow-on offering, while another homebuilder Cadu Inmobiliaria raised about $144 million in a December IPO.
Nonetheless, shares on Cadu’s listing priced at 18 pesos each, well below the target range of 21.50 pesos to 23.50 pesos, leading sources to warn over persistent volatility i
Mexico is set to lead the way in equity markets this year, while mergers & acquisitions are expected to increase as investors with long-term ambitions eye Brazilian assets