- October 23rd, 2007
- 2:05 pm
Maxcom Telecomunicaciones has unveiled the pricing of its global IPO of nearly 12.3 million American Depositary Shares (ADSs) in the US and nearly 16.97 million Ordinary Participation Certificates (CPOs) in Mexico. Around 16 percent of the ADSs and the CPOs were sold by existing Maxcom shareholders. Each ADS represents seven CPOs, while each CPO represents three Series A common shares. The ADSs were priced at USD 17.50 per ADS. The CPOs were priced at MXP 27.10. The IPO will result in Maxcom receiving estimated gross proceeds of around USD 215.2 million. Mexico-based Maxcom is an integrated telecommunication services operator.
Wireless Mobile Telecom Wireless News
- October 22nd, 2007
- 11:47 am
Maxcom Telecomunicaciones has unveiled the pricing of its global IPO of nearly 12.3 million American Depositary Shares (ADSs) in the US and nearly 16.97 million Ordinary Participation Certificates (CPOs) in Mexico. Around 16 percent of the ADSs and the CPOs were sold by existing Maxcom shareholders. Each ADS represents seven CPOs, while each CPO represents three Series A common shares. The ADSs were priced at USD 17.50 per ADS. The CPOs were priced at MXP 27.10. The IPO will result in Maxcom receiving estimated gross proceeds of around USD 215.2 million. Mexico-based Maxcom is an integrated telecommunication services operator.
Wireless Mobile Telecom Wireless News
Mexican fixed line operator Maxcom Telecommunications has revealed it is planning an initial public offering of as much as USD175 million in American depositary shares. The underwriter is Morgan Stanley, according to a preliminary prospectus filed with the U.S. Securities and Exchange Commission. Maxcom is currently owned by Bank of America Equity Partners (approx 80%) and the Vazquez-Arroyo Carstens family (16.34%), with the remainder distributed between individuals and Maxcom staff.
Wireless Mobile Telecom Wireless News
Maxcom raises USD 215 mln in IPO (Mexico)
