Grupo Financiero Santander Mexico, which is Mexico's second largest financial services holding company based on net income, filed on Friday with the SEC to raise up to $100 million in an initial public offering, though the $100 million figure is just a placeholder. The actual IPO is expected to raise up to $4 billion. The Mexico-based company, which was founded in 1991 and booked $2.4 billion in sales for the 12 months ended 6/30/2012, plans to list on the NYSE under the symbol BSMX. Goldman Sachs, J.P. Morgan, Barclays, Citigroup, Credit Suisse and RBC Capital Markets are the joint bookrunners on the deal. Santander, UBS Investment Bank, Deustche Bank Securities and BofA Merril Lynch are the global coordinators. No pricing terms were disclosed.
