ModalMais, Infracommerce start up IPOs

ModalMais, Infracommerce start up IPOs

Equity IPO Capital Markets Brazil

Modalmais, the digital division of Brazilian investment bank Banco Modal, is set to move as much as BRL1.5 billion ($265 million) in an upcoming initial public offering (IPO), while e-commerce company Infracommerce could get around BRL2 billion in its own market debut, according to preliminary prospectuses filed with securities regulator CVM. Modalmais plans to sell 51.1 million units for BRL24.30 to BRL32.82 each in its IPO, but it could increase the size of the offer by 17.9 million units to m

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