April 24, 2020
Allpark Empreendimentos, a parking lot operator that does under the name Estapar, said it plans to price an initial public offering (IPO) on May 13, setting up the first share sale in Brazil since the start of the coronavirus pandemic.
Estapar could raise BRL388 million ($71 million) if it prices the shares at the top end of the suggested price of BRL10.50 to BRL13.00 each, according to a preliminary prospectus posted on Wednesday. At the low end, it could earn BRL313 million from the IPO.
Brazilian parking lot operator could raise $71 mln in the first share sale in Brazil since the coronavirus outbreak