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Jose Cuervo looks to be doing an IPO
Not really news, as I heard about this a while back, but since it is possibly coming up in Q3, I thought I should share, in case the readers of this group might be interested and perhaps missed the initial announcement.
Here's the disclaimer;
The following is in NO WAY to be taken as a recommendation to buy, nor a solicitation to purchase ANY SECURITY AT ALL. This is for informational purposes only. Potential investors should endeavor to completely understand the risks involved before purchasing ANY security and be sure that it falls within your risk tolerance parameters.
Having said that....
TEQUILA STOCK!!! WOO HOO!! (LOL)
It could become the third largest U.S. IPO of the year—if it decides to go public in the states.
The 2016 IPO scene might be a desert, though the drinks are still flowing for tequila maker, Jose Cuervo.
The world’s largest tequila-producer is working on an initial public offering that could raise as much as $1 billion as soon as the third quarter, Bloomberg reported, citing people familiar with the matter. If the Mexican spirit maker decides to go public in the U.S., it would be the third largest U.S. IPO of the year, behind U.S. Food Holdings and MGM Growth, which each netted over $1 billion this year.
Though the specifics of the deal are still shrouded in mystery. Bloomberg reported that the deal could be as low as $500 million—leaving a range of half a billion. Jose Cuervo has also yet to decide where it will list shares—the U.S., Britain, or Mexico. But it has been working with JPMorgan, Morgan Stanley, and Spain-based Banco Santander to prepare the deal, Bloomberg reported.
The 2016 IPO scene might be a desert, though the drinks are still flowing for tequila maker, Jose Cuervo.
The world’s largest tequila-producer is working on an initial public offering that could raise as much as $1 billion as soon as the third quarter, Bloomberg reported, citing people familiar with the matter. If the Mexican spirit maker decides to go public in the U.S., it would be the third largest U.S. IPO of the year, behind U.S. Food Holdings and MGM Growth, which each netted over $1 billion this year.
Though the specifics of the deal are still shrouded in mystery. Bloomberg reported that the deal could be as low as $500 million—leaving a range of half a billion. Jose Cuervo has also yet to decide where it will list shares—the U.S., Britain, or Mexico. But it has been working with JPMorgan, Morgan Stanley, and Spain-based Banco Santander to prepare the deal, Bloomberg reported.
More on the story dated May, 31st here;
http://fortune.com/2016/05/31/jose-cuervo-public-ipo-billion/
A Google search reveals no further articles more recent than early June