Brazilian IPO Struggles

Brazilian IPO Struggles

Brazil Equity

Ser Educacional set a below-the-range price Friday for an IPO targeting BRL620m ($286m), before regulators stepped in to suspend the transaction on a technicality. The for-profit educator priced at BRL17.50 per share, according to people familiar with the terms, below the BRL19.50-BRL23.50 range. However, the CVM decided later Friday to postpone the sale for up to 30 days, due to “the prospectus not having complete, precise and current information,” the regulator says. The CVM adds that the susp

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