Mexico's Elementia prices IPO at 17 pesos/share, below range
MEXICO CITY, July 10 (Reuters) - Mexican construction conglomerate Elementia, part-owned by billionaire Carlos Slim, will price its initial public offering (IPO) at 17 pesos per share, the company said on Friday, below the range it had originally proposed.
In a preliminary prospectus last month, Elementia said it planned to offer 201 million shares at a range of between 20 and 25 pesos per share. It was not immediately clear why the company had reduced the share price.
(Reporting by Dave Graham; Editing by Miral Fahmy)
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