November 15, 2019
Brazil's JHSF said it stands to earn BRL513 million ($122 million) on the B3 stock exchange after it priced a follow-on offering at BRL4.75 per share.
The São Paulo-based real estate company will issue 108 million shares, including supplemental lot of 28 million shares, and increase its capital to BRL1.44 billion, JHSF said in a securities filing.
Shares in JHSF rose 2.75% after the announcement to close at BRL5.24 on Thursday.
Arranged by BTG Pactual and Bradesco BBI, the offering was more than
Shares rise in the Brazilian real estate company after it raises $120 mln on the B3 stock exchange