August 11, 2020
Brazilian oil exploration services company Oceana Offshore filed for an initial public offering (IPO) in the local stock market on Friday, looking to raise money to make acquisitions and buy new vessels.
Oceana plans to invest the proceeds from a primary offering, while its controlling shareholders will pocket earnings from a secondary offering, the company's owner, Grupo CBO, said in a preliminary prospectus. After the offering, Oceana will list its shares on the Novo Mercado segment of the B3
Pátria and Vinci could cash in from a share sale by Brazilian oil exploration services company