Mexico's Fibra Next: A Missed Opportunity in the Nearshoring Boom

Fibra Next, a Mexican real estate investment trust, recently attempted to raise funds by selling shares. The goal was to collect around 10 billion Mexican pesos, but they only managed to secure about $400 million. This is less than what they initially aimed for. The company planned to sell 100 million shares. Investors from around the world were interested, but at the last minute, their enthusiasm faded. This left Fibra Next with fewer funds than expected. Fibra Next is focusing on the trend of factories moving from Asia to Mexico. This trend is known as nearshoring. The company hoped to benefit from this shift by raising money to expand. However, the recent share sale did not go as planned. Investors were willing to pay up to 95 pesos per share. But Fibra Next refused to sell for less than 100 pesos. This strict pricing strategy might have contributed to the lower-than-expected funds raised. The company's decision to stick to a higher price point shows confidence in their value. But it also highlights the challenges of balancing ambition with market realities. In the end, Fibra Next raised a significant amount, but not as much as they hoped.