Vivara prices IPO near top of range

Vivara prices IPO near top of range

IPO Equity Capital Markets Brazil

Brazil's Vivara said it has priced an upcoming IPO at BRL24.00 ($5.85) per share, near the top of the suggested range of BRL21.17 to BRL25.40 per share. The São Paulo-based jewelry retailer plans to raise at least BRL2.04bn from the sale of 70.9m shares in the offering, split between 18.9m new shares and 52m existing shares, according to the prospectus. The underwriters have the option to increase the offering by 15%, or 10.6m shares, which could raise the size of the deal to BRL2.3bn, Vivara sa

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