Mexican REIT Fibra Uno Raises $300M

Fibra Uno has raised $300 million in an initial public offering ( IPO), The Wall Street Journal reports. The first real estate investment trust (REIT) to be listed on Mexico’s stock exchange has sold 185.4 million shares at $1.61 per share.

Fibra Uno will use the proceeds from the offering to acquire three properties, combining an initial portfolio of 16 properties, including commercial and industrial real estate. The IPO included overallotments of 24.2 million certificates.

Click here for the story from The Wall Street Journal.