February 20, 2019 |
Grupo SBF has filed for an IPO for the sporting goods retailer Centauro, looking to raise funds to open new stores and lower debt.
The group has hired Bradesco BBI to lead the offering on the B3 stock market in São Paulo with Banco do Brasil, BTG Pactual, Credit Suisse, Goldman Sachs and Itaú BBA.
SBF did not say how much money it could raise or how many shares it could sell in the IPO, but bankers previously said it could raise up to BRL700m ($188m) from the sale.
SBF presented its IPO plans
Owner of the Brazilian sporting goods retailer looks to raise funds to open new stores and pay off debt