January 7, 2021
Cagece, a water and wastewater company owned by the Ceará state government, has called off plans for an initial public offering (IPO), more than a year after it announced its intention to list shares on the B3 stock exchange in São Paulo.
Cagece said in a filing on Tuesday that it asked the securities regulator CVM to withdraw its application, but it did not give a reason for the change in plans. It added, however, that an IPO "remains in its plans."
The state-owned company said in December 2019
Ceará state water company withdraws its application, but says an IPO is still in the cards