BIVA is making its first initial public offering for the Fibrae Mx for 2023

Mexico City – The Institutional Exchange (BIVA) has announced its first Initial Public Offering (IPO). year by the Mexico Fund for Infrastructure and Energy (Viprimix), after eight months of drought in the center of the Mexican stock.

With Visit Led Engagement Center Maria ArizaAnd The investment vehicle placed $6,639 million in Trusted Stock Certificates with the ticker symbol FMX23.making it the highest amount placed in the last 18 months.

This is BIVA’s third IPO to be held After placing Xifra FE, an investment fund in energy and infrastructure, for MXN 1,477 million in July last year and with the advent of Cox Energy America, the first solar PV company to enter the market by values, for MXN 452.7 million in July 2020 .

“The IPO shows the confidence, attractiveness and potential of the national market, especially in light of the complex international economic situation we are going through,” Maria Arriza, CEO of BIVA, said in a statement.

FibraeMX is an investment vehicle dedicated to the acquisition, consolidation, operation and promotion of highway assets, including highways, railways, metropolitan trains, ports and airports.

Santander and Scotiabank acted as placement brokers for FibraeMx.

FibraeMx has four franchises awarded at the federal level in San Luis Potosi (14%), Guerrero (14%), and Mexico State (14%). The demand is divided between industrial and commercial, representing 53%. Suburban and domestic tourism, with a 32% share, and international tourism, with 15%, according to the prospectus.

As of December 31, 2022, FibraeMx has announced that it has received income of MXN 1565 million through 14 tranches; and adjusted operating flows (EBITDA) of MXN 1,268 million.

On the list of companies awaiting their market debut through BIVA is Globcash, better known as Casa Mazatlán, which has already been pushed back three times from 2022 to date as a result of market risk aversion.