Amid Turbulent Times In Mexico, Is Pemex IPO a Bridge Too Far?

As a wave of economic liberalism lapped on the shores of Latin America in the early years of the 21st century, energy reforms were enacted in Colombia and Brazil, where the state-owned oil and natural gas companies were floated on stock markets with remarkable success. In fact, the $70 billion offering Brazil’s Petroleo Brasileiro (Petrobras) in 2010 was at the time the world's biggest ever initial public offering (IPO). Read More