CSN lists mining business on B3

CSN lists mining business on B3

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

Brazilian steel company Companhia Siderúrgica Nacional (CSN) moved BRL5.22 billion ($968 million) in the initial public offering (IPO) of its mining division on Friday, rounding out another busy week for stock market debuts this month. CSN Mineração earned BRL1.37 billion from the sale of 161 million shares in a primary offering and shareholders earned BRL3.85 billion from the sale of 453 million shares in a secondary offering. The company priced the shares at BRL8.50 each, the bottom end of the

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial