Simpson Thacher counsels on Vesta IPO in the US
Simpson Thacher has counselled the underwriters, led by Citi Bank of America and other financial institutions, on Vesta Real Estate Corporation’s (Vesta) initial public offering in the United States of 143,750,000 ordinary shares represented by American Depositary Shares (ADSs), including the exercise in full of the underwriters’ over-allotment option.
The ADSs were listed on the New York Stock Exchange under the symbol “VTMX”.
Vesta is a real estate company that owns, manages, develops and leases industrial properties in Mexico. Vesta’s portfolio currently consists of more than 200 stabilised properties, as well as a bank of land under development, located in strategic areas for light manufacturing and logistics, including for “near offshoring” to the United States. Vesta’s ordinary shares have been listed on the Mexican Stock Exchange since 2012.
Simpson Thacher’s team was led by partner Juan Francisco Méndez (pictured).
