Maxcom Heard Mulling IPO

Mexican communications company Maxcom is expected to announce details on its IPO imminently, according to Dealogic. The company has hired Ixe Casa de Bolsa and Morgan Stanley to help it offer shares worth up to $175m both in Mexico and in the US, the data firm says. The company is fighting to restore a tarnished image with investors. José Antonio Solbes, Maxcom’s CFO, insists the company did not default on $300mn in 13.75% of 2007 notes issued in 2000. But he battles a widespread perception that it did.