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Fibra Next Makes its Largest Mexican Debut in 7 Years With $431 million IPO
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Read time approx.: 2 minutes, 36 secondsThis is a primary global public offer of real estate trust stock certificates that were placed both in Mexico and in the U.S. stock markets. According to BMV's public bid notices, in Mexico 96.5% of the total operation expected by investors since 2023, Fibra NEXT, the industrial division of the infrastructure and real estate trust leader in Latin America, FUNO, made its debut at the Mexican Stock Exchange …
Nearly two years have passed since Fibra Uno (FUNO), Mexico’s main real estate investment trust, announced its plans to boost Fibra Next, a new company dedicated to the industrial segment, in the midst of expectations for the relocation of supply chains. After a series of setbacks, mainly linked to tax authorization, Fibra Next finally made an initial public offer (OPI) to the Mexican Stock Exchange in a very different context than two years ago…
Fibra Next Makes its Largest Mexican Debut in 7 Years With $431 million IPO
Fibra Next’s offering comes amid efforts by Mexico’s stock exchanges to boost activity following a prolonged lack of significant listings. Fibra Next, a Mexican real estate investment trust, raised 8 billion pesos ($431 million) in its initial public offering (IPO), the largest stock debut in seven years. The company confirmed that it sold shares known as CBFIs, which are part of Fibra Uno Administration SA’s industrial properties, for 100 pesos…
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