September 24, 2019
Brazil's Vivara could earn as much BRL2.16bn ($518m) from an upcoming IPO if it prices the offering at the top of the suggested price range and sells an additional lot of shares in the deal.
The jewelry seller said it plans to price the shares between BRL21.17 and BRL25.40 on October 8 and use the proceeds to open new stores, increase production and roll out a new brand. At the midway point of BRL23.29 per share, Vivara could earn BRL1.65bn from the share sale, not counting the over-allotment op
Brazilian jewelry retailer could move more than $500m in its stock market debut