June 27, 2019 |
Brazil's Linx said it has priced a follow-on offering, looking to raise as much as BRL1.34bn ($347m) from the sale of 37.2m shares for BRL36 each.
The São Paulo-based software company has moved at least 32.8m shares for BRL1.18bn and given the underwriters 30 days to sell another 4.39m shares for BRL158m, Linx said in a securities filing. Linx has also priced American depositary shares (ADSs) at $9.40 each.
Goldman Sachs is leading the share sale with Morgan Stanley, Jefferies, Bank of America
Brazilian software firm could move as much as $347m from its second follow-on offering in three years