Tequila maker Jose Cuervo files for IPO with Mexican bourse

The filing provided few details about the IPO, but media reports have suggested the company could seek to raise between $750 million and $1 billion.

The company, known officially as Becle, said the stock sale would be handled by the local units of Morgan Stanley (MS.N), JP Morgan Chase & Co (JPM.N) and Banco Santander (SAN.MC), and local brokerage GBM Grupo Bursatil Mexicano.

In the filing, the company said it had 2015 sales of nearly 20 billion pesos ($1.02 billion), up from 15.2 billion pesos in 2014. In the first six months of 2016, Cuervo said . . .

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