MEXICO CITY Jan 20 Mexico's Grupo Gigante
expects to raise up to 4.954 billion pesos ($374.14
million) in its initial public offering of Office Depot de
Mexico shares, according to local filings.
The company, which said earlier this month it would take the
Mexican unit of Office Depot public, plans to sell up to
291 million shares, including an over-allotment option, at a
price between 16 pesos and 18 pesos per share, the documents
The listing is provisionally set to price on Feb. 5,
according to documents filed with Mexico's stock exchange.
Grupo Gigante, which also operates restaurants, in June
acquired the 50 percent stake in the office supplies chain that
it did not already own.
Mexico's stock exchange saw a record number of initial
public offerings last year.
Office Depot de Mexico was the first company to announce
listing plans this year. Last week, low-cost airline VivaAerobus
said it also plans to go public this year.