Paraná Banco restarts stock market return

Paraná Banco restarts stock market return

IPO Capital Markets Corporate & Sovereign Strategy Equity Rule 400 Brazil Latin America Coronavirus

Brazilian mid-sized lender Paraná Banco said Wednesday that it will resume an initial public offering (IPO) after postponing a planned deal earlier this year due to the coronavirus pandemic. In the IPO, Paraná Banco will offer units worth eight common shares and eight preferred shares, it said in a securities filing. JPMorgan, Goldman Sachs, Bradesco BBI and XP Investimentos are coordinating the offering, it added. The Curitiba-based bank made use of a recent change in the rules by securities re

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