Mexican tequila maker Jose Cuervo will seek to raise more than $700 million in an initial public offering, with Singapore’s Temasek Holdings taking 20% of the offer, an investor presentation showed on Wednesday.
Jose Cuervo will offer 476.6 million shares, priced at between 30 to 34 pesos per share, in its delayed Feb. 8 initial public offering, the presentation said.
The world’s biggest tequila maker put its IPO on hold twice last year after the election of U.S. President Donald Trump sent the peso to record lows and spurred fears of an economic slowdown in Latin America’s second-largest economy.
