More Mexico IPOs in 2011: Bolsa Boss

Mexico’s bolsa will continue to see IPOs in 2011, according to its president. It could also see its first real estate investment trust debut before year-end. “I don’t expect a boom, but I do expect 10 IPOs,” Luis Tellez, president of the Bolsa, tells reporters in New York. Like this year’s issuers, 2011 should see a mix of large and small and foreign and domestic companies. “OHL will open the eyes of many international companies,” he says, noting that oil services providers are watching OHL’s MXP12bn IPO with interest. Tellez also says the Bolsa has seen interest from medium-sized issuers in the health sector, which could lead to some local players going public. Thanks to limitations lifted this year, he says, real estate investment trusts (REITs), or Fibras as they are known in Mexico, can now list. The first REIT is already preparing to file for approval, Tellez says, declining to name the issuer. Retailer Grupo Chedraui broke a nearly 2 year IPO deadlock in May, raising MXP5.23bn. It was followed by smaller debuts from broker Actinver, wood production company Proteak and health club operator Sports World.