BR Partners completes IPO on second attempt

BR Partners completes IPO on second attempt

IPO Equity Capital Markets Rule 476 Brazil

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

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