Home / Daily Briefs / 2021 / 8 / DASA issues shares to fund acquisitions

DASA issues shares to fund acquisitions

DASA issues shares to fund acquisitions

April 8, 2021 | Joe Rowley
Brazilian medical services company moves $586 mln in a re-IPO to cover its expansion plans

Corporate & Sovereign Strategy Equity Latin America South America Brazil Healthcare Rule 476

Brazilian medical services company Diagnósticos da América (DASA) moved BRL3.3. billion ($586 million) in a follow-on equity offering after pricing the shares below its target price range. DASA priced the shares at BRL58 each and sold 57 million in a primary offering, while existing shareholder Romeu Côrtes Domingues sold 2.08 million in a secondary offering, according to a securities filing on Wednesday. Neither the company nor the selling shareholder chose to increase the share offering with s

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