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Mexico: With strategic merger, Betterware launches on Nasdaq

By  |  August 12, 2019
Mexican home products company Betterware de México will become the first 100% Mexican company to be listed on the US technology exchange Nasdaq, thanks to a merger agreement with DD3 Acquisition Corp (DD3) and a SPAC (Special Purpose Acquisition Company).

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    Betterware announced the merger operation should be completed in no more than 65 days, depending on approval by authorities in the US. The action would be the first IPO by a Mexican company since November 2017.

    “The Nasdaq seemed the right place to place medium-sized Mexican companies with high growth, because we saw that in the Mexican Stock Exchange those actions did not operate well and lacked liquidity,” said Martin Werner, director of DD3.
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