Corporate ActionMay 14, 2026, 05:27 PM
Vesta Prices Global Offering of 1.19M ADSs at $34.62
AI Summary
Vesta Real Estate Corporation announced the pricing of its global follow-on offering. This includes an International Offering of 1,199,285 American Depositary Shares (ADSs) at $34.62 per ADS and a Mexican Offering of 58,054,784 common shares at Ps.$59.50 per common share. The international underwriters also received a 30-day option to purchase up to 10,507,140 additional common shares represented by ADSs. The company intends to use the net proceeds to fund its growth strategy, with the offering expected to close on May 18, 2026.
Key Highlights
- Vesta priced its International Offering of 1,199,285 American Depositary Shares (ADSs) at $34.62 per ADS.
- The Mexican Offering included 58,054,784 common shares priced at Ps.$59.50 per common share.
- Each ADS represents 10 common shares of Vesta.
- International underwriters have a 30-day option to purchase up to 10,507,140 additional common shares represented by ADSs.
- The Global Offering is expected to close on May 18, 2026.
- Net proceeds from the offering will be used to fund Vesta's growth strategy.