| MEXICO CITY, June 13
MEXICO CITY, June 13 Mexico should see up to
five more share offerings in 2014, bringing the year's total to
seven placements, the head of the Mexican bourse said on Friday.
That total is far below the record haul of 25 in 2013.
So far this year, there have only been two public share
offerings. Fibra Prologis, the Mexican affiliate of U.S. Real
Estate Investment Trust (REIT) Prologis Inc., was the
first IPO of the year, raising nearly 7 billion pesos ($538
million) earlier this month, while Fibra Uno raised
$2.52 billion in a placement this week.
"We think we're going to close the year with six or seven
offerings," Luis Tellez, the chief executive officer of Mexico's
stock exchange said at an event.
A spokesman for the stock exchange said the estimate
includes equity offers from companies and fibras (Mexican real
estate investment trusts) as well as "capital development
certificates" or CKDs.
Tellez said that restaurant chain Alsea had
already made public its intention to do a follow-on, and that
three other companies had made formal requests to list shares,
although he declined to name the companies.
Mexico saw a record number IPOs in 2013, but momentum did
not carry over into the new year because emerging markets
worldwide were hit by sell-offs.
Tellez did not specify how many initial public offerings he
expected this year.
(Writing by Gabriel Stargardter; Editing by Simon Gardner and