You Inc calls off IPO again

You Inc calls off IPO again

Capital Markets IPO Rule 400 Brazil Latin America

Brazilian homebuilder You Inc said Tuesday that it cancelled an initial public offering (IPO) for a second time, again citing the "current market situation" for the decision. You Inc was hoping to raise up to BRL1.3bn ($246 million) from the sale of 55.2 million shares after setting a target price range of between BRL17.50 to BRL23.50 per share in July. The São Paulo-based developer decided to cancel the offering after failing to generate sufficient demand for the shares and was unwilling to red

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