June 21, 2021
Brazilian investment bank BR Partners raised BRL400 million ($79.4 million) in an initial public offering (IPO) after pricing its shares at the bottom end of the target price range, according to a securities filing.
The São Paulo-based M&A specialist issued 22.8 million units in the base offering and said it could increase the size of the offering by 10%, or 2.28 million units, to stabilize the price in the secondary market. Each unit consists of two preferred shares and common share. The un
Brazilian investment bank raises $79 mln after pricing its shares at the bottom end of the target range