November 18, 2009
Direcional Engenharia has priced its IPO at BRL10.50, the midpoint of its B
Direcional Engenharia has priced its IPO at BRL10.50, the midpoint of its BRL10.00-BRL11.00 range, to raise BRL274m, as expected. The data was posted on the CVM’s web site Tuesday evening. The deal, among the smallest offerings to be made on the Bovespa in the past 2 years, is heard to have gotten done thanks to the previously agreed upon participation by a group of investors who bought into the public offering. The deal was led by Santander and Itau BBA.