Rede D'Or sets target range for IPO

Rede D'Or sets target range for IPO

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

Brazilian private healthcare company Rede D'Or São Luiz could raise up to BRL12.8 billion ($2.36 billion) in an initial public offering (IPO) after it set the target price range at BRL48.91 to BRL64.35, according to a preliminary prospectus. Rede D'Or plans to sell 146 million common shares in a primary offering, while selling shareholders intend to add at least 51 million shares in a secondary offering. Rede D'Or and the shareholders could increase the size of the deal by 35% to meet demand, th

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial