Plano & Plano files for IPO in Brazil

Plano & Plano files for IPO in Brazil

Capital Markets Equity IPO Rule 400 Brazil Latin America

Brazilian homebuilder Plano & Plano has filed for an initial public offering (IPO) and added its name to a growing list of real estate developers looking to raise capital in the local stock market. Cyrela Brazil Realty, which owns 50% of Plano & Plano, said it intends to sell part of its stake in the IPO. Plano & Plano will also issue new shares in the offering and include its listing in the Novo Mercado index of the B3 stock exchange in São Paulo, Cyrela said in a securities filing

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