Prodemex IPO crosses the tape at the low end

Prodemex IPO crosses the tape at the low end

IPO Equity Capital Markets

Prodemex has priced its Fibra-E IPO at the low end of a suggested range, raising MXN6.14bn ($297.2m) in equity certificates on Wednesday morning. The Mexican infrastructure developer sold 331.67m shares for MXN18.5 apiece, according to an updated prospectus on Mexico's BMV. Leads on Tuesday set a range between MXN18.5 and MXN21.5 per certificate. Before opening books, Prodemex was offering as much as 366.047m certificates through the public primary offering and a shoe worth a further 10.98m shar

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