Mexico's Upstart Stock Exchange Is Betting on Private Equity Exits
- Biva has struggled to break Bolsa’s dominance in first months
- CEO Ariza says her strategy is to lure firms to list on bourse
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Mexico’s upstart stock exchange needs private equity to go public.
The Bolsa Institucional de Valores, the bourse known as Biva that began operations in July, is trying to gain market share from the dominant Bolsa Mexicana de Valores by focusing on private equity managers ready to exit their investments and sell shares. The industry has grown 15 percent annually over the past decade, according to a report by El Financiero.