Brazilian ECM Shows Life with TIM Follow-on

Oct 5, 2011

Brazilian wireless operator TIM has raised BRL1.72bn ($925m) in Brazil’s first equity deal since July, though bankers and investors doubt the follow-on signals a revival. TIM placed 200.3m primary shares, including a 9.5m share greenshoe, at BRL8.60 each, according to the CVM, representing a 0.92% discount to Tuesday’s BRL8.68 closing price. Parent Telecom Italia had...

To continue reading please take a free trial, subscribe or login below.


Already have an account?

Subscribe

Subscribe now for unlimited access to all current and archive news, data and market analysis. 

Subscribe

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial



LatinFinance Events

Poll

Are populist governments like Venezuela & Argentina turning pragmatic?

Vote