Fibra Next Looks to Raise $525 Million in IPO Set for July
Mexican real estate investment trust Fibra Next will look to raise around 10 billion pesos ($525 million) through an initial public offering in early July.
The company, a carveout of Fibra Uno Administracion SA's industrial properties, will be focused on industrial real estate in the center of the country, according to a statement. Parent company Funo in February said it had secured clearance for the IPO and was awaiting appropriate market conditions to move forward with the spinoff.
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