January 3, 2019 |
Brazilian sporting goods chain Centauro is planning to launch an IPO in the next few weeks, a source close to the deal told LatinFinance.
Grupo SBF, the owner of Centauro, had requested authorization from Brazil’s securities regulator CVM in November 2017. But the offering ran into delays that prevented a 2018 listing as had been initially expected.
“The lack of market depth and lower demand for consumer related businesses contributed to the delay,” one ECM banker said.
“A consumer sector IPO is
Brazilian sporting goods retailer preparing for equity debut later this month, sources say