What Year Did Mxe Open Their Ipo
What Year Did Mxe Open Their Ipo, MXE, also known as Mexico Energy Corporation, opened their initial public offering (IPO) on December, General, what-year-did-mxe-open-their-ipo, JPOSE
MXE, also known as Mexico Energy Corporation, opened their initial public offering (IPO) on December 3, 2013. The company offered 16.66 million shares at an initial price of $10 per share, with the goal of raising $166.6 million in capital.
MXE is a Mexico-based company that focuses on the exploration and production of oil and gas resources. They primarily operate in the Burgos Basin, which is located in the northeastern region of Mexico. The company also has interests in several other exploration and production projects throughout the country.
The decision to go public was a significant milestone for MXE, as it allowed them to raise funds for future investment and expansion. The company had already secured several significant contracts with major players in the industry, such as PEMEX, the state-owned oil company of Mexico.
MXE's IPO was well-received by investors, and the company's shares began trading on the New York Stock Exchange (NYSE) under the ticker symbol "MXC." The stock price initially rose to as high as $11.70 per share before settling back down to around $10 per share.
In the years since their IPO, MXE has continued to grow and expand their operations. They have made several acquisitions and partnerships to further develop their resources and increase production. The company's stock price has fluctuated over time, but they have maintained a relatively stable presence in the market.
Overall, MXE's IPO was a significant moment in their history, as it allowed them to raise capital and expand their operations. The company continues to be a major player in the Mexican energy industry, and their future looks bright as they continue to explore new opportunities and partnerships.
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