Anima Investors Enroll Near Midpoint

Anima Investors Enroll Near Midpoint

Brazil Equity

Anima Educacao has priced its BRL468m ($216m) IPO just below the middle of the range. The for-profit educator is selling 21.1m primary shares and 4.2m secondary shares at BRL18.50 each, according to the CVM, versus a BRL16.50-BRL22.00 range. The total includes a 15% greenshoe. The transaction was heard to be oversubscribed, and the pricing level puts it in better shape than Ser Educacional, which set a below-range price on a larger deal last week. Like Ser, Anima had been hoping for demand for o

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