June 29, 2020
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
Brazilian drugstore chain could earn $220 mln from a planned share sale on the local stock exchange