Lopes completes share sale

Lopes completes share sale

Equity Capital Markets Brazil

LPS Brasil, known by the brand name Lopes, said it has raised BRL147 million ($36.9 million) from a follow-on offering on the B3 stock exchange in São Paulo.The real estate broker sold 21 million common shares for BRL7.00 each and increased its total share capital to BRL189 million, Lopes said in a securities filing. In September, when Lopes announced that it had hired Itaú BBA, BTG Pactual and Bradesco BBI to coordinate the offering, it said it could sell up to 80 million new shares.Lopes' shar

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