Trump Backs Nexstar–Tegna Merger Amid Shifting U.S. Media Landscape 
Nasdaq Proposes Fast-Track Rule to Accelerate Index Inclusion for Major New Listings 
SpaceX Prioritizes Moon Mission Before Mars as Starship Development Accelerates 
FDA Targets Hims & Hers Over $49 Weight-Loss Pill, Raising Legal and Safety Concerns 
Tencent Shares Slide After WeChat Restricts YuanBao AI Promotional Links 
Instagram Outage Disrupts Thousands of U.S. Users 
TSMC Eyes 3nm Chip Production in Japan with $17 Billion Kumamoto Investment 
Rio Tinto Shares Hit Record High After Ending Glencore Merger Talks 
TrumpRx Website Launches to Offer Discounted Prescription Drugs for Cash-Paying Americans 
Uber Ordered to Pay $8.5 Million in Bellwether Sexual Assault Lawsuit 
OpenAI Expands Enterprise AI Strategy With Major Hiring Push Ahead of New Business Offering 
Nvidia CEO Jensen Huang Says AI Investment Boom Is Just Beginning as NVDA Shares Surge 
Weight-Loss Drug Ads Take Over the Super Bowl as Pharma Embraces Direct-to-Consumer Marketing 
Missouri Judge Dismisses Lawsuit Challenging Starbucks’ Diversity and Inclusion Policies 
Sony Q3 Profit Jumps on Gaming and Image Sensors, Full-Year Outlook Raised 
Washington Post Publisher Will Lewis Steps Down After Layoffs 
MONTERREY, Mexico, Jan. 15, 2016 (GLOBE NEWSWIRE) -- Nemak, S.A.B. de C.V., a leading provider of innovative lightweighting solutions for the global automotive industry (“Nemak”), has won LatinFinance´s Initial Public Offering of the Year Award for 2015.
The award was based on a variety of factors including deal execution, size, complexity, innovativeness, and market significance. Nemak was announced as the winner at the publication´s Deals of the Year Awards Dinner held in New York City on January 14th.
Nemak completed Latin America’s largest initial public offering (IPO) of 2015, listing 19.3% of the company’s shares. Making its debut on the Mexican Stock Exchange, the equity listing was well-received by investors and has provided the company with the ideal platform to pursue an ambitious growth strategy in key global markets such as the US, Europe, Latin America, and Asia.
“The demand was strong, as the order book oversubscribed by about three times and we managed to secure commitments from a very solid group of investors. This IPO marks an important new chapter in Nemak’s history. It will support capacity expansions in all our markets, increase in-house capabilities, and diversify our sources of funding.” said Armando Tamez, CEO of Nemak.
Nemak sold 537.6 million common shares and priced the deal last June 30th at MXN20 each. The company raised approximately $750 million with a final valuation of seven times EBITDA.
About Nemak
Nemak is a leading provider of innovative lightweighting solutions for the global automotive industry specializing in the development and manufacturing of aluminum components for powertrain and body structure applications. As of 2014, the company employed more than 20,000 people at 35 facilities worldwide and generated revenues of U.S. $4.6 billion. For more information about Nemak, visit: www.nemak.com
MEDIA CONTACT (52) 818-748-5281 [email protected] www.nemak.com INVESTOR RELATIONS (52) 818-748-5107 [email protected] www.nemak.com/investors
