Mexico’s Elementia to Raise About $290 Million in IPO Next Month
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Elementia SAB, the building-materials company owned by Mexican billionaires Carlos Slim and Antonio Del Valle Ruiz, plans to raise about 4.5 billion pesos ($290 million) in its initial public offering next month.
The company, which makes everything from cement to copper products, said in regulatory filings Thursday that the IPO will take place July 9, with a price range of 20 to 25 pesos per share. The plan is to sell 201 million shares excluding an overallotment option.