Banregio Said to Price IPO at 32 Pesos, Near Bottom of Range
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Banregio Grupo Financiero SAB, the 12th biggest Mexican bank by loans, priced its initial public offering at 32 pesos a share, near the bottom of its marketed range, according to two people familiar with the matter.
The company raised 1.8 billion pesos ($153.6 million) before an overallotment option known as the greenshoe, said the people, who couldn’t be identified because the details of the transaction aren’t yet public. The underwriters may exercise an option to buy additional shares within 30 days, which would bring the offering to 2.1 billion pesos.