(LatinFinance) October 5, 2010 – Grupo Sports World, the Mexican health club chain owned by private equity fund Nexxus Capital, plans to price an IPO at MXP18.50-MXP22.00, according to its prospectus. The sale would yield MXP1.13bn, if priced at the midpoint and an overallotment is fully exercised. Books are set to close Wednesday on the sale of 21.6m primary and 26.8m secondary shares, plus a possible 15% overallotment.
Nexxus bought Sports World in 2005, and has taken it to 14 locations from 5. It would be Mexico’s fourth IPO this year, following grocer Chedraui, grower Proteak and brokerage Actinver.
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