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StocksMediumUpdated•Originally published 25 September 2026•Updated 26 September 2026•
1 min read

Citigroup Plans $3 Billion Banamex IPO for January Listing

Portrait of a woman in glasses over a collage with Citi and Banamex logos, Mexican flag, and $3B text.

Key Facts

1Citigroup is planning an initial public offering for its Mexican unit, Banamex, in January with a target of over $3 billion.

Citigroup is planning an initial public offering for its Mexican unit, Banamex, in January with a target of over $3 billion. Reuters reported that the move is part of the bank's long-term strategy to simplify its global operations and exit non-core retail banking markets to focus on institutional and wealth management.

Citigroup shares C closed at $132.1 on September 24, 2026, while JPMorgan Chase JPM recorded a close of $343.06 on September 25, 2026. During the same period, Bank of America BAC closed at $56.03 and Wells Fargo WFC ended at $82.19 on September 24, 2026.