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Tequila IPO could rake in $900 million

Thursday, February 9, 2017

The initial public offering for tequila maker Jose Cuervo is at least four times oversubscribed, four sources said on Wednesday, pointing to a high-end pricing for the first Mexican IPO since Donald Trump won the U.S. presidency.

A 34 peso pricing, combined with a 15 percent "overallotment option" could allow the oldest continuously-producing tequila company to rake in upwards of $900 million.

Source: Reuters