Mid-Cap Homebuilder Sticks to IPO Guns

Oct 28, 2009

Direcional Engenharia is still planning to bring an IPO to the market, despite speculation that the deal will be pulled. “We are indeed continuing with the process and we plan on refilling [the prospectus] to the CVM with updated [September 30] financials,” says an executive close to the issuer. The homebuilder was strongly expected to desist...

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