Direcional to Steer Shares in Mini Offering

Direcional to Steer Shares in Mini Offering

Equity

Brazilian homebuilder Direcional Engenharia is moving ahead with its IPO, scheduled for today, though for a substantially reduced size. At an estimated BRL293m, the deal would be by far the smallest offering done on the Bovespa since Nutriplant priced a $12m microcap offering in February 2008, and Helbor landed a $141m in October 2007, according to Dealogic. The offering was originally refiled earlier this month after being originally submitted to the CVM in September with an eye to raise BRL570

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