Hidrovias sets price range for IPO

Hidrovias sets price range for IPO

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

Brazilian waterways logistics company Hidrovias do Brasil could earn up to BRL4.7 billion ($888 million) in an upcoming initial public offering (IPO), according to a preliminary prospectus issued on Wednesday. The company set the target price range at BRL7.56 to BRL8.88 per share for 399 million shares, although it can increase the size of the offering by 78.1 million shares, or 19.6%, and the selling shareholders can another 56 million shares, or 14%. The selling shareholders are Pátria Investi

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