HBR, Vamos recast share sales

HBR, Vamos recast share sales

Capital Markets Corporate & Sovereign Strategy Equity IPO Brazil Latin America Rule 476

Brazilian real estate developer HBR Realty and truck and equipment rental company Vamos Locação confirmed Monday that they were pulling back from broad initial public offerings (IPOs) in favor of restricted share offerings. HBR could earn up to BRL1.54 billion ($281 million) from a restricted primary share offering when additional and supplementary lots are included. The real estate developer expects to price the shares between BRL23.85 and BRL29.85 each and plans to sell at least 38.2 million s

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