Aeris, 3R miss marks on IPOs

Aeris, 3R miss marks on IPOs

Capital Markets Corporate & Sovereign Strategy Equity IPO Brazil Latin America Rule 400 Energy Renewable Wind

Brazilian wind turbine blade manufacturer Aeris Indústria e Comércio de Equipamentos para Geração de Energia and 3R Petroleum Óleo e Gás both priced their initial public offerings (IPOs) below the target ranges in the midst of market volatility on Monday. Aeris raised BRL835 million ($154 million) from the sale of 150 million shares in a primary offering after it priced the shares at BRL5.55 each, while selling shareholders earned BRL295 million for 53 million shares in a secondary offering.   T

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