Biosev Postpones IPO

Biosev Postpones IPO

Brazil Equity

Brazil’s Biosev has decided to postpone its IPO, according to bankers managing the sale. The sugar, ethanol and bioenergy unit of Louis Dreyfus Commodities had attempted to price Wednesday night, but poor demand, even at a level below its BRL16.50-BRL20.50 ($8.17-$10.15) range, forced it to reconsider. It briefly considered attempting again Thursday night, before deciding to wait for better conditions. “The demand was not there at any price,” says a person close to the sale. The sale was always

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