August 10, 2020 |
Brazilian homebuilder Yuny Incorporadora filed for an initial public offering (IPO) on Friday, joining Grupo Kallas and Patrimar Engenharia in the latest crop of real estate developers planning to sell shares.
Yuny said it will use two-thirds of the proceeds from the IPO to buy land and the rest for online sales and working capital, according to documents filed with the securities regulator CVM.
BTG Pactual and Itaú BBA will coordinate the offering. Law firms Mattos Filho and Linklaters will adv
Brazilian homebuilder joins Kallas and Patrimar in a growing list of real estate developers planning to sell shares