Reported about 13 hours ago
The Mexico City baseball team Diablos Rojos de Mexico is planning a follow-on offering to raise capital following its recent direct listing on the local exchange. Chairman Alfredo Harp Helu mentioned their intention to significantly increase capital, pending regulatory approvals, and proposed a 100-to-1 stock split to make shares more accessible to fans. Following their debut, the team’s stock rose, achieving a market value of 1 billion pesos.
Source: YAHOO