Educator Set for IPO

Educator Set for IPO

Brazil

Anima Educacao is scheduled to price today an IPO targeting more than BRL500m ($230m). The for-profit educator was heard with covered books as of Wednesday. Anima plans to price Thursday 21.1m primary shares and 4.1m secondary shares at BRL16.50-BRL22.00 each, meaning a BRL543m size at the midpoint if a 15% greenshoe is included. Secondary shares are being sold by a private equity fund linked to BR Investimentos, which bought into the company last year and holds a 30.5% stake. Anima is raising f

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