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Allied sets price range for IPO

Allied sets price range for IPO

March 26, 2021 | Joe Rowley
Advent-controlled tech company could raise $90 mln if it prices the offering in the middle

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

Brazilian technology company Allied Tecnologia could raise BRL518 million ($91.4 million) if it prices its initial public offering (IPO) in the middle of the target range and sells additional lots, according to a preliminary prospectus filed late Wednesday. Allied, which is controlled by US private equity firm Advent International, set the price range at BRL20 to BRL26 per share and said it plans to price the offering on April 7, according to the prospectus.   BTG Pactual is the lead coordinator

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