MEXICO CITY (Reuters) – Mexican baseball team Diablos Rojos, controlled by the wealthy Harp family, listed its shares on the local BMV stock exchange, valuing it at 624.3 million pesos ($31 million), a prospectus showed on Friday.
The initial trading price will be 1,620 pesos per share and the ticker symbol “Diablos” will be used, according to the document.
Diablos Rojos is the first Mexican baseball team to debut on the stock market. In February, the popular soccer club America went public after being spun off from media giant Grupo Televisa. Since then, its shares have risen in value by nearly 200%.
($1.00 = 20.079 Mexican pesos)
(Reporting by Noe Torres)
