BR Partners gives IPO another go

BR Partners gives IPO another go

IPO Equity Capital Markets Corporate & Sovereign Strategy Brazil Telecoms Technology

Brazilian investment bank BR Partners could raise as much as BRL562 million ($111 million) in an initial public offering (IPO) after a frustrated attempt earlier this year, according to a securities filing on Tuesday. This time, however, São Paulo-based BR Partners registered the share sale as a "restricted offering" for institutional investors under Brazil's Rule 476, it said in the filing. The investment bank set the target price range at BRL16.00 to BRL19.00 per unit and said it plans to set

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