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Seabras to Offer First Test of Brazil IPO Appetite

Jan 24, 2012

Seabras Servicos de Petroleo will soon test new issue demand in the LatAm equity markets after launching an up to BRL1.44bn ($823m) IPO that, if successful, could mark the region’s first such transaction this year. The deal will also be a litmus test for an oil sector that had mixed results last year. The Brazilian unit of Norway’s Seadrill has set February 9 to price the sale of 48m primary shares, setting a range of BRL20.00-BRL26.00....

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