Mexico's Genomma Lab Launches IPO

June 2008 | IPO News Alert

Mexico's Genomma Lab, an over-the-counter (OTC) drugmaker, is the only Mexican company, apart from Bolsa Mexicana de Valores SAB, the operator of Mexico's stock exchange, to launch an IPO so far in 2008. With shares priced at MXN16 (US$1.66), the bottom of the MXN16-20 price range announced prior to the sale, the deal's total value was MXN2.4bn (US$233.7mn). Genomma issued 153mn shares, roughly 28% of the equity in the company.

If you would like to subscribe to Corporate Financing Week and gain instant access to this article, please click here to subscribe.

If you would like to take a trial to Corporate Financing Week please click on the trial link below.