Alupar Prices at Bottom of Range

Alupar Prices at Bottom of Range

Brazil Equity

Brazil’s Alupar Investimento has priced a BRL851m ($421m) IPO, clinching enough demand by Monday afternoon to price at the bottom of the range. The holding company for electric transmission and generation operations is selling 40m primary units at BRL18.50 each, according to the CVM, assuming the exercise of a 15% greenshoe. The price comes against a BRL18.50-BRL21.50 range. A unit is made up of one Alupar ordinary share and two preferred shares. Transmission companies appear to be an easier sel

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial