Mid-Cap Homebuilder Sticks to IPO Guns

Mid-Cap Homebuilder Sticks to IPO Guns

Equity

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 from its attempt following a lengthy delay in updating its prospectus, first filed in August. As of Tuesday, the company had yet to update its filing with

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