Paraná Banco puts off IPO

Paraná Banco puts off IPO

IPO Corporate & Sovereign Strategy Equity Capital Markets Regulation Brazil Coronavirus

Brazilian mid-sized lender Paraná Banco said on Friday that it suspended plans to carry out an initial public offering (IPO) due to market conditions resulting from the coronavirus COVID-19 pandemic.Paraná Banco made use of a recently amended rule introduced by securities regulator CVM that extended the interruption of an analysis of a public share offering by up to 180 business days, the lender said in a securities filing. The Curitiba-based bank said in late January that it planned to return t

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