Kallas, Yuny call off IPOs

Kallas, Yuny call off IPOs

IPO Equity Capital Markets Brazil Coronavirus

Brazilian homebuilders Kallas Incorporações e Construções and Yuny Incorporadora Holding have cancelled their planned initial public offerings (IPOs) as the Ibovespa index on the B3 stock exchange in São Paulo continues its slide since setting a record high at the start of the year. Kallas and Yuny both withdrew the primary and secondary offerings on March 4, according to information from securities regulator CVM. The two companies both filed to make IPOs in August last year.  Yuny had hired BTG

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