The club’s actions Americaone of the most popular teams in Mexico and the first to be listed on the stock exchange of the Central American country, soared on Tuesday in its stock market debut, tripling its value in just a few hours of negotiations, after its spin-off from the media giant Televisa Group.
The titles of Ollamaniwhich controls the operations of the club and its emblematic Azteca stadium, in addition to the betting business and the publishing segment of the largest television station in the country, were quoted at 34.50 pesos, very far from their starting price of 11.50 units.
“It is the euphoria of the first day of trading, I would not see it as a matter of investors seeing significant growth in income, in the business, it is more speculative movements,” said Jacobo Rodríguez, financial specialist at the firm. Roga Capital. “We saw that the intrinsic price should be around 17 pesos, we will have to see in the following days how it adjusts,” she added.
Stocks through the roof
The abrupt appreciation led the stock market to suspend negotiations of the papers on several occasions because they far exceeded the parameter established by the stock market. Mexico for an intraday variation. So much Ollamani as Televisa Groupwhich retained the operation of several television channels and its satellite, cable and internet TV units, explained that the separation will allow both companies to focus their efforts on their respective industries.
“With this action, the companies of Ollamani They will be able to focus their resources on improving and strengthening their position in the markets in which they participate, as well as taking advantage of opportunities to obtain capital,” analyzed Sergio Arollo, Finance Director of the new firm, in an event at the headquarters of the stock exchange.
With the spin-off of the businesses, which together represented 10% of the conglomerate’s total income, the television station’s investors received a title (CPO) from the new firm for each Grupo Televisa paper in their possession. At mid-morning, 1.7 million of its shares were traded, one of the highest volumes of the day.
Mexico will open the 2026 World Cup
Americathe first club in the league Mexico In entering the stock market, it is the most successful team in local soccer with 14 championships and its stadium, the largest in the country with a capacity for 81,070 spectators, hosted two World Cup finals, in 1970 and 1986, as well as different events. massive.
Recently the FIFA announced that it will host the inaugural match of the World Cup 2026co-organized by Canada, USA and Mexico, and experts hope that the transaction will help attract fresh resources for its remodeling, estimated at 150 million dollars.
The operation gives a respite to the Mexican stock market, which for years has lacked initial public offerings (IPO) and, instead, a growing number of companies have left or initiated procedures to do so. The real estate investment trust was expected to Fiber Next debuted last month on the stock market, after having unexpectedly halted trading at the end of last year.
Source: Ambito
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