July 9, 2020 |
Brazilian high-end and luxury real estate developer Lavvi Empreendimentos Imobiliários filed for an initial public offering (IPO) of primary and secondary shares on the local stock exchange, according to a securities filing on Wednesday.
Lavvi requested the shares be listed under the Novo Mercado special corporate governance segment on the B3 Stock Exchange in São Paulo, according to a securities filing from Cyrela, one of its major shareholders.
The real estate developer will use the proceeds f
IPO proceeds to be used for acquiring land in São Paulo to meet growing demand fueled by low interest rates