[Last updated: 1 February 2026, unless otherwise noted]
To qualify for listing at the Mexican Stock Exchange (Bolsa Mexicana de Valores or BMV) and the Institutional Stock Exchange (Bolsa Institucional de Valores or BIVA), the following financial requirements must be met:
- Three years of audited financial statements (subject to certain exemptions).
- The sum of the results of the last three fiscal years shows operating profits.
- The securities to be listed must represent at least 15% of the paid-up equity stock or at least 950 million UDIs (approximately US$457.34 million) (subject to certain exemptions)
- At least 10 million shares must be offered.
- There must be at least 100 shareholders at the time of listing.
[Last updated: 1 February 2026, unless otherwise noted]
Distribution. The free float requirement is 12% at the time of listing and at all times thereafter.
Share price. There is no requirement to maintain a minimum trading price, but all shares must be denominated and traded in Mexican pesos.
Lock-up/escrow. Unless otherwise agreed with the broker dealers, there are no requirements to place shares into escrow (or otherwise restrain them from being traded, such as "lock-up" arrangements) in connection with a listing.
Operating history. The BMV and BIVA requires at least a three year operating history for any company applying to list its shares.
Language. All information provided to the BMV and BIVA must be provided in Spanish.Accounting standards. Audited financial statements must be prepared in compliance with IFRS.
Financial statements. The company must submit last three years of annual audited financial statements.[Last updated: 1 February 2026, unless otherwise noted]
The following is a fairly typical process and timetable for a listing of a company on the BMV.
[Last updated: 1 February 2026, unless otherwise noted]
Once listed, a company must comply with several continuing obligations, including:
- A board of directors composed of between three and 21 members with at least 25% of the members being independent.
- Committees created for a specific purpose as a result of special circumstances within the company. These committees will be in charge of oversight of company audit procedures, financial, legal, internal control and dealings with related parties matters.
- Disclosure of any changes to the company's management, contact details and/or share capital.
- Annual disclosure of insider lists.
- Provision of annual and quarterly financial statements.
- Provision of information pertaining to any shareholder meetings held and to be held.
- Provision of up-to-date copies of the company's bylaws.
[Last updated: 1 February 2026, unless otherwise noted]
The BMV charges an initial listing fee equal to 0.00672% of the total equity regarding shares to be listed, subject to a minimum of MXN$46,000 (approximately US$2,557) and a maximum of MXN$1.36 million (approximately US$75,602). The BIVA charges an initial listing fee equal to 0.0045% of the total equity regarding shares to be listed, subject to a minimum of MXN$40,000 (approximately US$2,224) and a maximum of MXN$1 million (approximately US$55,590).