Shares in Centauro owner shoot up after IPO

Shares in Centauro owner shoot up after IPO

Equity Capital Markets IPO Brazil

Shares in Grupo SBF, owner of the Brazilian sporting goods store Centauro, rose 12.1% to close at BRL35.30 on Friday, the same day the company earned BRL900 million ($181 million) in an initial public offering (IPO). SBF priced 30 million new shares at BRL30.00 each in its IPO and increased its share capital to BRL1.91 billion, it said in a securities filing. The new shares start trading on June 8, it added. Bradesco BBI was the lead coordinator on the share sale with BTG Pactual, Itaú BBA and S

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