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MX · Americas · Main Board
Bolsa Mexicana de Valores
Grupo BMV · Mexico City · MXN
Latin America's second market — nearshoring beneficiary with strong cross-border US investor access.
Eligibility · Meridian Renewables (example)
Eligible
Meets listing standards; 1 governance action(s) to close before filing.
Min market cap
$55M
admission floor
Min free float
12%
public hands
Est. all-in
5.8%
on $700M
Time to list
20–24w
from kickoff
Regulator
CNBV
oversight
Eligibility check
✓
Market capitalisation
Requirement: ≥ $55M
$4.8B
✓
Free float
Requirement: ≥ 12%
~15%
✓
Operating history
Requirement: ≥ 3 yrs
11 yrs
✓
Profit / revenue test
Requirement: Profit test (3 yr)
Profitable
!
Governance standard
Requirement: CNBV Governance
Gaps
✓
Accounting
Requirement: IFRS
IFRS
Rules as of 2026-Q2 · source: BMV Reglamento Interior (CNBV, MX). Compiled summary — validate against the primary source before filing.
Fees & cost
Est. all-in · $700M raise$41M 5.8%
Underwriting spread5.0% · $35M
Initial listing feeMX$1.5M
Annual feeMX$0.8M
Legal · audit · IR · other$5.9M
Total all-in$41M (5.8%)
Market quality & investors
Liquidity★★★☆☆
Analyst coverage★★★☆☆
Retail participation★★☆☆☆
Institutional depth★★★★☆
Index inclusion
S&P/BMV IPC
Aftermarket: +8% avg first-day
Process & sectors
Typical time-to-list20–24w
RegulatorCNBV
Dual / secondary listingSupported
Min public shareholders200
Sector strength
ConsumerFinancialsIndustrialsMaterials
Notable listings: FEMSA, Grupo México
Model BMV in the Decision Center ▸Compare venues
Bolsa Mexicana de Valores IPO Listing Requirements & Cost · IPOQB