Marisa prices share sale at discount

Marisa prices share sale at discount

Equity Capital Markets Rule 476 Rule 144a/ RegS Brazil

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

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