MEXICO CITY: Citigroup Inc’s effort to list its Mexican retail banking operations may stretch into 2026 as it navigates a rocky market, regulatory approvals and seeks to bring key investors on board, according to its top executives.
The bank, which had originally targeted 2025 for the move, requires a slew of regulatory approvals to initial public offering (IPO) in both Mexico and the United States as it seeks to “make headway” with potential investors, chief financial officer Mark Mason said on an earnings call on Wednesday.
