Maxcom’s IPO cash call

Despite a tough market today, Maxcom Telecommunications (NYSE: MXT) pulled off a successful IPO.  The offering price came at the top of its $15.50-$17.50 price range and the shares are trading about $18.70. The company raised about $200 million.
Maxcom is a telecom services provider based in Mexico.  From 2002 to 2006, the company’s voice lines [...]