Brazil Developer Files Equity Follow-On

Brazil Developer Files Equity Follow-On


Multiplan, a Sao Paulo-based real estate developer, has filed to issue around BRL650m on the Bovespa. The deal would represent around 18% of the company’s market cap, which stood at BRL3.68bn yesterday. Multiplan is the fourth prospective issuer to file for a Bovespa offering in the past month. Santander, Tivit and Gol have also begun readying offerings that could start pricing in September. Tivit, Gol and Multiplan plan deals sized well under BRL1bn, which indicates the market may be openi

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