Homebuilder Javer testing investor appetite

Bloomberg – The first Mexican homebuilder to offer new shares since 2004 is testing investor appetite for an industry that imploded in $2.6 billion of defaults just two years ago. Servicios Corporativos Javer plans to raise as much as 3.5 billion pesos ($227 million) in an initial public offering after dodging the meltdown with a strategy of building housing developments in urban areas instead of far-flung suburbs.


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