October 3, 2019
Brazil's Helbor Empreendimentos could earn more than BRL589m ($143m) from a follow-on offering, based on the closing share price on Wednesday.
The real estate plans to sell at least 157m new shares, but it could increase the offering by 35% to 211m shares to meet demand, Helbor said in a securities filing. It also said it will cancel the offering if it does not fill the orders for the initial 157m shares.
Helbor has hired Bradesco BBI to coordinate the share sale with BTG Pactual and Itaú BBA. T
Brazilian real estate company could earn up to $145m from a follow-on offering in the local stock market