Ser Finalizes IPO

Ser Finalizes IPO

Brazil Equity

Ser Educacao has finalized its BRL620m ($283m) IPO, according to the CVM, getting the final go-ahead after making corrections to its prospectus. The for-profit educator set a BRL17.50 per share price in the previous week, before the transaction was temporarily suspended. Ser is selling 17.7m primary and 17.7m secondary shares, including a 15% greenshoe, at a price below a BRL19.50-BRL23.50 range. The secondary portion is sold by owners including founder and controller Janguie Diniz. The issuer f

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