StocksMedium•25 September 2026•
1 min read
Citigroup Plans $3 Billion Banamex IPO for January Listing
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.