Linx Launches IPO

Linx Launches IPO

Brazil Equity

Linx, a Brazilian provider of software to the retail sector, has launched an IPO targeting at least BRL450m ($221m), with pricing scheduled for February 6. Following recent pre-education meetings, the issuer is looking to sell 19.6m shares, assuming a 15% greenshoe, at BRL23.00-BRL27.00 each, according to regulatory documents, raising BRL490m at the midpoint. The shares include 6m secondary shares to be sold by a private equity fund linked to Itau. Betting that a retail focus and solid growth st

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