BMG, C&A price IPOs at bottom of range

BMG, C&A price IPOs at bottom of range

IPO Equity Capital Markets Brazil

Banco BMG and C&A Modas said on Friday that they priced their IPOs at the bottom of the target range, raising more than BRL3 billion ($747 million) between them.BMG, a midsized lender based in Belo Horizonte, priced 120 million preferred shares at BRL11.60 each, enough to raise BRL1.39 billion in its initial listing on the B3 stock exchange in São Paulo, it said in a securities filing.The bank issued 103 million new shares in a primary offering worth BRL1.2 billion, while founder Flávio Guim

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