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José Cuervo to launch $1 billion IPO

Tuesday, January 24, 2017

José Cuervo, the world's biggest tequila producer, is planning a Feb. 8 pricing for its delayed initial public offering in a bid to raise up to $1 billion.

The company put its IPO on hold twice last year after the election of U.S. President Donald Trump sent the peso to record lows and spurred fears of an economic slowdown in Latin America's second largest economy.

Source: Reuters