August 21, 2020 |
Brazilian pet store chain Petz said it could move BRL2.86 billion ($515 million) in an initial public offering (IPO) if it prices its stock market debut at the top of a targeted range.
Petz set the price range at BRL12.25 to BRL15.25 per share, which could earn up to BRL2.12 billion for the selling shareholders, including the controlling shareholder, US private equity firm Warburg Pincus. The other selling shareholder is founder and CEO Sergio Zimerman, according to a preliminary prospectus file
US investor Warburg Pincus looks to cash in on its stake in the chain of Brazilian pet stores