August 6, 2020 |
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
Brazilian mid-sized lender reschedules its share offering as Pernambucanas hires banks for an IPO