Anima Lines up Bovespa Debut

Anima Lines up Bovespa Debut

Brazil Equity

Anima Educacao has set a target of more than BRL500m ($227m) for its IPO, scheduled to price October 24. The Brazilian for-profit education company plans to sell 21.1m primary shares and 4.1m secondary shares at BRL16.50-BRL22.00 each, according to a filing, 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 fun

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