Mexico investment management firm, Grupo Actinver, said yesterday it plans to list its shares on the local stock exchange through an initial public offering once it completes a corporate restructuring program, according to Dow Jones.

The company said it was in the process of changing its name to Corporacion Actinver SAB as well as reviewing its business strategy with the idea of going public.

Founded in 1994, Actinver has become a major force in Mexico’s asset-management industry. It has made a number of acquisitions in recent deals.

Actinver had about 60 billion pesos (around $4.81 billion) in mutual-fund assets under management at the end of February, the news service said.