BBM picks up IPO plans

BBM picks up IPO plans

IPO Equity Capital Markets Brazil

Brazilian third-party logistics provider BBM Logística said Thursday that it has again taken up plans to go public, looking to raise as much as BRL1.63 billion ($332 million) in an initial public offering (IPO) after abandoning a previous attempt early this year. The company, based in the southern state of Paraná, plans to list 43.2 million shares in the offering with 32 million new shares and up to 11.2 million existing shares from local private equity firm Stratus Group, BBM said in a prelimin

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