Santander Mexico Files to Raise as Much as $3 Billion in IPO
September 4, 2012 by Avila Capital Markets, Inc.
Banco Santander SA (SAN), Spain’s largest bank, filed to raise as much as $3 billion in a U.S. initial public offering of its Mexican unit.
Grupo Financiero Santander Mexico SAB is offering 235.1 million American depositary receipts at $10.99 to $12.70 each, according to a regulatory filing today. The unit plans to list on the New York Stock Exchange under the symbol BSMX.
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