Jose Cuervo MSE IPO

Overview:

• Becle, parent company of tequila brand Jose Cuervo, has raised $904 million in its IPO on the Mexican Stock Exchange, in the first Mexican IPO since the US election. 
• Morgan Stanley and JPMorgan acted as underwriters. 
• It was said that the offering was four times oversubscribed. 
• Becle will use the funds raised in this transaction for general corporate purposes. 

Rani Mehta - Journalist