Maxcom raises USD 215 mln in IPO (Mexico)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.
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