Grupo Financiero Santander Mexico, S.a.B. De C.V. Celebrates Initial Public Offering and First Day of Trading on the New York Stock Exchange

Sarah Woodman, Global events journalist
September 27, 2012 /

Grupo Financiero Santander Mexico, S.A.B. de C.V., (Santander Mexico) a leading financial services holding company in Mexico, opened for trading today on the New York Stock Exchange (NYSE) under the ticker symbol “BSMX” after an initial public offering of its American depositary shares (each ADS includes 5 SANMEX shares). GETCO Securities is the Designated Market Maker (DMM) for Grupo Financiero Santander Mexico’s stock.

Grupo Financiero Santander México´s Chief Executive Officer Marcos Martínez, joined by members of Spain and Mexico Santander’s management team, celebrated the company’s first day of trading by visiting the NYSE trading floor for the stock opening and ringing The Opening BellSM.

“We’re delighted to welcome Grupo Financiero Santander Mexico to the NYSE,” said Scott Cutler, Executive Vice President, Head of Global Listings, NYSE Euronext. “Grupo Financiero Santander Mexico is one of the largest, renowned financial institutions in Mexico and a great addition to our listed company community. We congratulate Grupo Financiero Santander Mexico on its IPO and are privileged to have the opportunity to partner with the company and its shareholders.”

“Grupo Financiero Santander Mexico’s listing on the NYSE represents an important milestone in the company’s history and strengthens our position in Mexico. The New York Stock Exchange listing will provide us with a footprint in the U.S. Capital markets arena,” said Chief Executive Officer Marcos Martínez.

Grupo Financiero Santander Mexico, is the first company from Mexico and the 4th Latin American company to list its IPO on NYSE Euronext markets this year, following the IPO´s of Chile’s Cencosud (NYSE: CNCO), Peru’s Cementos Pacasmayo (NYSE: CPAC), and Brazil’s BTG Pactual (NYSE Alternext in Amsterdam, symbol BTGP). Mexico is the second-largest country (behind Brazil) in the Latin America, Bermuda and Caribbean region, with 16 companies listed on NYSE Euronext markets valued at approximately $200 billion.

 

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