Brocker.Org: Mexico’s Jose Cuervo preparing February IPO

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Susana Gonzalez | Bloomberg | Getty Photographs

Bottles of Jose Cuervo Tradicional are organized for a photograph at the Tequila Cuervo La Rojena S.A. de C.V. distillery plant in Guadalajara, Mexico.

Jose Cuervo, the world’s biggest tequila producer, is preparing a Feb. 8 pricing for its extensive-delayed initial public offering (IPO), two resources familiar with the matter reported on Monday.

The enterprise, which set its IPO on maintain late final calendar year soon after the election of U.S. President Donald Trump weighed on Mexico’s peso, is seeking to increase up to $1 billion, the people reported.

The news was to start with noted by Bloomberg previously on Monday.

Cristobal Mariscal, common counsel and company affairs director for Jose Cuervo, declined to remark.

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