Mexico: With strategic merger, Betterware launches on Nasdaq

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).

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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