trending Market Intelligence /marketintelligence/en/news-insights/trending/DNEwJs0KanuqufZVPl4h6g2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Banco del Bajío makes market debut with 8.79B pesos IPO

Street Talk Episode 68 - As many investors zig away from bank stocks, 2 vets in the space zag toward them

Street Talk Episode 66 - Community banks tap the debt markets while the getting is good

Street Talk Episode 67 - Veteran investor tabs Mick Mulvaney to help with latest financial stock-focused fund

Street Talk Episode 65 - Deferral practices trap US bank portfolios in purgatory

Banco del Bajío makes market debut with 8.79B pesos IPO

Banco del Bajío SA on June 8 priced its initial public offering at 29.50 Mexican pesos per share, near the lower end of its 29 pesos to 32 pesos per share price range.

In a filing with the Mexican stock exchange, the bank said the total offering value reached about 8.79 billion pesos, including overallotment options.

The bank's shares started trading on the stock exchange under the ticker symbol "BBAJIO." The stock rose almost 4% in the debut before losing some of those gains to trade at 30.21 pesos, 2.4% higher than the initial pricing, Reuters reported.

Before the pricing, market sources told the newswire that demand for Banco del Bajío shares was about four times oversubscribed.

According to prospectus materials filed in May, the bank plans to use the proceeds from the IPO to strengthen its capital adequacy ratio, grow its loan portfolio and to repay liabilities.

As of June 7, US$1 was equivalent to 18.21 Mexican pesos.