December 6, 2019
Brazil's Marisa Lojas said Thursday that it will earn BRL516 million ($123 million) from a follow-on offering after pricing 51.6 million new shares at BRL10.00 each.
The price per share offered a discount on Wednesday's closing price of BRL10.85. Shares in Marisa sank 3.23% after the announcement to close at BRL10.50 on Thursday.
The department store first offered 46.9 million shares, but it increased the size of the deal by 10%, or 4.69 million shares, to meet demand, according to a securities
Brazilian department store earns $123 mln in follow-on offering