Maxcom Sets IPO Terms

Maxcom Telecommunications, a Mexican telecom services provider for residences and SMEs, has set its IPO terms to around 9.7 million American depository shares being offered at between $15.50 and $17.50 per share. It plans to trade on both the Mexico Stock Exchange and an undetermined U.S. exchange, with Morgan Stanley serving as lead underwriter. Shareholders include Banc of America Equity Partners.