November 18, 2019
Brazil's Restoque said it could carry out a share sale for roughly BRL200 million ($47.7 million) before the end of the year, pending approval from the board of directors.
The São Paulo-based clothing company could sell shares in a follow-on offering for BRL20.80 each, the average price from the last 20 sessions on the B3 stock exchange.
Restoque sold 4.94 million shares for BRL30 each in a BRL148 million follow-on offering in December 2017, although it had put the price range between BRL38.50 a
Brazilian clothing company could earn roughly $50 mln from a follow-on offering before the end of the year