Brazilian Educator Set for IPO

Brazilian Educator Set for IPO

Brazil Equity

Ser Educacional is scheduled to price today an IPO targeting more than BRL700m ($326m), in a deal that should offer the latest test of market appetite for the Brazilian consumer story. The for-profit educator is offering 15.4m primary and 15.4m secondary shares at BRL19.50-BRL23.50 each, according to regulatory documents, meaning a BRL761m deal at the midpoint if a 15% greenshoe is included. The focused on Brazil’s rapidly growing North and Northeast is raising funds for acquisitions and organic

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