March 25, 2021 |
Brazilian office supplies retailer Kalunga and auto finance group Rodobens have cancelled their planned initial public offerings (IPOs) in the face of ongoing volatility on the B3 stock exchange in São Paulo.
Kalunga filed to make an offering in December and said it would use the proceeds to open new stores, expand copy and printing services in its existing stores and open a distribution center in the northeast.
Rodobens filed to issue Brazilian depository receipts (BDRs) and said it planned to
Brazilian office supplies chain and auto finance group call off market debuts amid ongoing volatility