Petz prices IPO in range

Petz prices IPO in range

Capital Markets Equity IPO Corporate & Sovereign Strategy Brazil US Latin America

Brazilian pet store chain Petz raised BRL3.03 billion ($570 million) in an initial public offering (IPO) after pricing its shares in the middle of the target price range, it said in a securities filing on Thursday. Petz priced the shares at BRL13.75 each and sold 24.5 million shares for BRL337 million in a primary offering, while US private equity firm Warburg Pincus and Petz founder and CEO Sergio Zimerman pocketed BRL2.7 billion from the sale of 196 million shares in a secondary offering that

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