Educator Opens Books on IPO

Educator Opens Books on IPO

Brazil Equity

Ser Educacional has launched an IPO targeting more than BRL700m ($315m), with pricing scheduled for October 18. The Brazilian 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 educator focused on Brazil’s rapidly growing North and Northeast is raising funds for acquisitions and organic growth. The sellers in the secondary portion include founder and controll

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