Deals
Jose Cuervo Said to Delay Share Sale After Talking to Investors
- Roadshow for the sale had been scheduled to begin Thursday
- Tequila maker had been seeking to raise as much as $1 billion
This article is for subscribers only.
Jose Cuervo, the world’s largest tequila maker, postponed plans for an initial public offering after reaching out to investors to get a sense of demand, according to a person with knowledge of the matter.
Jose Cuervo had planned to begin formally marketing the offering to investors in Mexico on Thursday but decided to wait after initial talks signaled a lack of enthusiasm, said the person, who asked not to be identified because the information is private. The Mexico City-based distiller was targeting a sale of as much as $1 billion.