At the end of 2018, the debt issued in capital markets represented only 9% of the total financing of listed companies. Obstacles hindering Mexico's equity market development are extensive, but I will refer to some of the most relevant.
One of the main problems of the low and limited access by the retail sector, which represent more than 90% of the enterprise sector in Mexico, is investors' notion that going public is costly. They consider that the cost will not be compensated for the risk of losing control of the company and the risks that may come with increased transparency and disclosure.