Update: Tivit, Banco BMG target December IPOs

Update: Tivit, Banco BMG target December IPOs

Capital Markets Equity Brazil

Tivit Terceirizacao and Banco BMG could price their IPOs within the early stages of December, two ECM sources familiar with the transactions have said. IT services provider Tivit is expected to garner a valuation similar to its revised IPO attempt from September last year. The company canceled plans for a potential BRL1.4bn ($375.7m) offering due to sluggish investor demand at the time. Lead underwriters had set a range between BRL43 and BRL51 per Tivit share and also offered to lower the sugges

Already have an account?

Free trial

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

Free Trial