WDC changes plans for share sale

WDC changes plans for share sale

Equity IPO Corporate & Sovereign Strategy Capital Markets Technology Brazil

Brazilian IT company Livetech da Bahia, which does business under the name WDC Networks, said it has hired four banks to lead a possible share sale on the local stock exchange almost four months after it filed for an initial public offering (IPO). Ilhéus-based WDC retained BTG Pactual, Bradesco BBI, Itaú BBA and Citi to arrange an offering to solely institutional investors under Brazil's Rule 476, saying any deal depends on market conditions at home and abroad. The restricted offering would repl

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