Retailer Can’t Break Brazilian ECM Trend

Dec 13, 2013

Via Varejo has priced a BRL2.85bn ($1.22bn) follow-on well below the bottom of the price range, closing out another rough year for Brazilian equity issuers. The retailer had been aiming for at least BRL3.9bn, but weak demand meant it had to settle for less – a pattern all too familiar to the Brazilian market. The...

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