Pague Menos picks up IPO plans

Pague Menos picks up IPO plans

IPO Equity Capital Markets Brazil

Brazilian drugstore chain Pague Menos has filed for an initial public offering (IPO) on the B3 stock exchange in São Paulo, it said in a securities filing on Thursday evening. Pague Menos did not reveal the expected size of the offering, but Reuters reported that the deal could be worth between BRL1 billion and BRL1.2 billion, or $183 million to $220 million. Reuters also said US private equity firm General Atlantic will not sell part of its share, but the Queirós family could offload some of it

Already have an account?

Free trial

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

Free Trial