Brazilian Joins Bovespa Mais

Brazilian Joins Bovespa Mais

Brazil Equity

Brazil’s Senior Solution has become the second issuer to IPO on the Bovespa Mais small-cap platform, raising BRL62m ($32m) while pricing below the range. The IT provider specializing in the financial sector has sold 3.5m primary shares and 2.0m secondary shares, including shares from a 15% greenshoe, at BRL11.50 each, according to the CVM. The price compares to a BRL13.50-BRL15.50 range. The selling shareholders in the secondary portion include BNDES and private equity fund Stratus. Senior Solut

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