Lab Company Prints IPO at Midpoint

Lab Company Prints IPO at Midpoint

Equity

Fleury, the Brazilian diagnostics lab, has priced its IPO at BRL16.00, the midpoint of its BRL15.00-BRL17.00 range, raising BRL630m, assuming a 15% greenshoe is exercised in the coming sessions. The deal, comprised of 34.3m shares and 5.1m greenshoe shares, was said to be multiple times oversubscribed, claim executives close to the trade, though the midpoint pricing would suggest demand for the relatively small issue may have been cool. “I think it will end up trading well, and at a premium to D

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