Jose Cuervo, the tequila production company, has delayed its initial public offering due to Donald Trump's presidential win, according to Reuters, citing people familiar with the matter. Jose Cuervo products are produced in Mexico and the election of Trump has had a negative impact on Mexican stocks and currency. The iShares MSCI Mexico Capped ETF has fallen 18% since the Nov. 8 election. The Mexican peso has lost 13% of its value against the dollar since the election. Reuters reports that the company will reevaluate plans in January.
Copyright © 2016 MarketWatch, Inc.
Continue Reading Below