House Closes In On IPO

Mexico’s Grupo House is set to finish pricing an IPO within the next few days, according to a banker managing the sale. The transaction could raise as much as MXP562m, with the issuer set to sell 88.9m shares, or 115.5m if a greenshoe and hot issue are exercised, at MXP4.50-MXP5.50, according to regulatory documents. BofA Merrill Lynch is managing the transaction.