| Jose Cuervo Delays IPO Filing Until After US Election wochit Business | |
| go to original October 28, 2016 |
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Mexico's Jose Cuervo, the world's biggest tequila producer, has delayed its planned initial public offering and will wait until after the U.S. presidential election before going ahead, three people familiar with the matter said. The company, known officially as Becle, announced the IPO in a filing last month, but without saying when it would take place.
Speaking on condition of anonymity, the three people said concern about market volatility meant that Cuervo had decided to postpone the listing, which they said was scheduled for this month. Jose Cuervo was not immediately available for comment. A person familiar with the matter suggested the company could seek to raise between $500 million and $1 billion.
Read more at Reuters
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