VMH sets the bar for IPO

VMH sets the bar for IPO

Brazil Equity Canada

Votorantim Metais Holdings could raise more than $650m in the IPO of its Nexa Resources unit, after leads outlined the terms of the share offering.The offering, which comprises 20.5m primary common shares and 10.5m secondary shares, will be marketed between $18 and $21 apiece, ECM bankers confirmed.Leads expect to price the NYSE and Toronto Stock Exchange-listed IPO on October 26.Brazilian parent Votorantim SA is the selling shareholder in the metals unit and after the conclusion of the IPO, VMH

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