Grupo Sanborns Raises $825 Million In IPO

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A Telcel client pays for his mobile phone services inside a Grupo... News PhotoConsumerism,Customer,Department Store,Finance,Horizontal,Initial Public Offering,Latin America,Merchandise,Mexico,Mexico City,Mobile Phone,North America,Occupation,Paying,Retail,Shopping,Store,The Americas,USA,Wireless TechnologyPhotographer Collection: Bloomberg 2013 BloombergA Telcel client pays for his mobile phone services inside a Grupo Sanborns SAB store in Mexico City, Mexico, on Friday, Feb. 8, 2013. Grupo Sanborns SAB, the retailer controlled by Mexican billionaire Carlos Slim, raised 10.5 billion pesos ($825 million) in an initial public offering (IPO) last week and the total could climb to 12.1 billion pesos including an overallotment option for underwriters. Photographer: Susana Gonzalez/Bloomberg via Getty Images