You Inc sets target range for IPO

You Inc sets target range for IPO

Capital Markets Equity IPO Brazil Latin America Rule 400

Brazilian homebuilder You Inc could raise as much as BRL1.3bn ($242 million) in an initial public offering (IPO) if it prices the shares at the top end of the targeted price range, according to a prospectus filed on Monday. You Inc set the price range at BRL17.50 to BRL23.50 per share for 55.2 million shares with 48 million shares in a primary offering and 7.2 million in a secondary offering. The will involve 2.8 million new shares and 4.4 million shares from founder and CEO Abrão Muszkat, accor

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