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Linx Starts Brazilian IPO Year at High End

Feb 7, 2013

Linx has given the Brazilian IPO market the start it wanted this year, pricing a BRL528m ($265m) deal at the top of its range. In a stark contrast to the trend in 2012, the transaction drew 20x demand, according to people familiar with the terms. The provider of software to the retail sector priced 19.6m shares, assuming a 15% greenshoe, at...

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“The crisis has been a setback for reserve diversification."

Jan Dehn, Ashmore Investment Management