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Santander Mexico prices ADSs at $12.18, the midpoint of the range

By Renaissance Capital,  September 26, 2012, 08:38:15 AM EDT

Grupo Financiero Santander Mexico, the second largest bank in Mexico and a spin-off of Spanish bank Santander, raised $3.6 billion in a dual listing by offering 235 million ADSs in New York at $12.18, at the midpoint of its proposed range, and 294 million shares (equivalent to 59 million ADSs) in Mexico at 31.25 pesos. Santander Mexico will list on the NYSE under the symbol BSMX and on the Mexican Stock Exchange under the symbol SANMEX. Santander, UBS, Deutsche Bank, BofA Merrill Lynch, Barclays, Citigroup, Credit Suisse, Goldman Sachs, J.P. Morgan, RBC Capital Markets and Itau BBA acted as bookrunners on the deal.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: News Headlines, IPOs

Referenced Stocks: BSMX



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