Irani, Even join Brazil's IPO queue

Irani, Even join Brazil's IPO queue

Capital Markets Equity IPO Corporate & Sovereign Strategy Brazil Latin America

Brazilian pulp and paper producer Irani Papel e Embalagem and homebuilder Even announced plans late Friday to launch initial public offerings (IPOs) after a flurry of similar announcements by other companies last week. Irani said in a securities filing that it had resumed plans to move up to BRL601 million ($112 million) through a so-called "re-IPO" on the B3 stock exchange in São Paulo. The pulp and paper company expects to raise BRL446 million from the sale of 90 million common shares based on

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