Gafisa Advances Alphaville Listing

Gafisa Advances Alphaville Listing

Brazil Equity

Following up on a transaction it first contemplated last year, Brazil’s Gafisa has filed for Alphaville Urbanismo to become a listed company, according to the CVM, the first step in the IPO process. Claiming the market underestimated the value of the unit, the homebuilder last year mentioned carving out the high-income housing development through an IPO or selling a stake privately as possible remedies. An investor relations official at the company declines to comment on the process beyond Monda

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