July 29, 2020 |
Brazilian drugstore chain Pague Menos could raise up to BRL1.27 billion ($246 million) from its initial public offering (IPO) after setting the target price range from BRL10.22 to BRL12.54 per share.
Pague Menos plans to sell just under 87.3 million shares, but it could increase the size of the deal by 15%, or 13.2 million shares, to satisfy demand, according to a preliminary prospectus filed with the securities regulator CVM on Monday.
Itaú BBA is the lead coordinator and working alongside Cred
Brazilian drugstore chain could raise up to $246 mln for expansion plans in its stock market debut