UPDATE / ACTUALIZACIONES
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The Mexican Stock Exchange and the Housing Sector Strengthen Mexico’s Development
T
he year 2016 will be significant for the Mexican Stock Exchange. After a period when companies from the housing sector did not carry out stock placements, they have now reactivated their participation in the capital market. The housing sector represents a trigger for the economic development of the country not only because it financially activates other related housing development sectors, but it also comprises an essential element in the well-being of the Mexican population. José-Oriol Bosch, CEO of the Mexican Stock Exchange Group (BMV Group), emphasized that the return of housing companies to the trading institution is a clear sign that they have found the right conditions to finance their growth and, simultaneously, contribute to the development of Mexico. Bosch stated, “I am convinced that with the everyone’s work, whether they are entities granting mortgage credits or organizations in charge of outlining the public policies for housing, or even developers, this sector will grow stronger and will remain a pillar for the well-being of Mexicans.”
Information provided by the Corporate Communications Department of BMV Group. They can be contacted at bmv-comunicacion@grupobmv.com.mx.
JAVER first stock offering CADU rings the bell at of 2016 and the first public BMV as the first company offering in Latin America in the Latin American Integrated Market (MILA) Servicios Corporativos Javer, S.A.B. de C.V. is one of the most traditional housing development companies in northern Mexico with more than 40 years of experience in the market. The company specializes in home construction in major cities throughout Mexico. The company held its initial public offering, its Primary Public Offering of Shares, in January 2016, offering 34.04 percent of its share capital. Operating under the ticker symbol, JAVER, and the placed amount reached $136 million. The placement from JAVER is the first public offering of shares in the Mexican Stock Exchange and the Latin American stock markets so far in 2016.
After its opening at the Mexican Stock Exchange in December 2015, Corpovael, S.A.B. de C.V., a company focused on home building in Mexico, held a ceremony on the trading floor balcony to commemorate it’s Mixed Public Offering of Stock for a total of more than $138 million, which represents 36.79 percent of its share capital. Thus, the company with the ticker symbol CADU, becomes the first Mexican company to make an offering of shares in the markets of Mexico and MILA, the Latin American Integrated Market, comprised of the stock exchanges of Chile, Colombia and Peru. It must be noted that Mexico remains an attractive destination for investments and businesses which represents a decisive reliability factor for all markets. In this context, the Mexican Stock Exchange reaffirms its commitment to keep supporting the companies and serving as a catalyst for the financial development of the country.