|Bid||39.08 x 27500|
|Ask||39.29 x 70600|
|Day's Range||39.06 - 39.45|
|52 Week Range||29.73 - 39.70|
|PE Ratio (TTM)||17.70|
|Earnings Date||Oct 19, 2015 - Oct 23, 2015|
|Forward Dividend & Yield||1.51 (3.84%)|
|1y Target Est||42.33|
Mexico’s upstart stock exchange needs private equity to go public. The Bolsa Institucional de Valores, the bourse known as Biva that began operations in July, is trying to gain market share from the dominant Bolsa Mexicana de Valores by focusing on private equity managers ready to exit their investments and sell shares. “The story of private equity is very recent in Mexico,” Biva Chief Executive Officer Maria Ariza said in an interview at Bloomberg’s offices in Mexico City.
Mexico's second stock exchange, BIVA, launched on Wednesday in a bid to entice more companies to go public in Latin America's No. 2 economy, increase investments and help spur sluggish economic growth. The Bolsa Institucional de Valores, or BIVA, will compete with the Mexican Stock Exchange, which had been the country's only stock exchange. Mexico's stock market has lagged other major emerging economies, with about 150 listed companies, compared with more than 340 in Brazil.
For over a year now, Mexico has faced criticism from Trump for various reasons. He still wants to build his well between the United States and Mexico.
As many as 10 companies could list on Mexico's stock exchange by the end of 2017, sources from the exchange said, potentially marking a record year ahead of slower expected activity in 2018 due to Mexico's elections. Since January, four companies have listed in Mexico, raising a combined $2.1 billion in initial public offerings (IPOs). In addition, Sigma Alimentos, a unit of industrial conglomerate Grupo Alfa, and Traxion, a transportation company controlled by private equity funds Nexxus and Discovery Americas, this week confirmed their IPOs.