June 30, 2021 |
Brazilian agribusiness 3tentos Agroindustrial has sized an upcoming share sales in the local market, while AgroGalaxy Participações has said it is again considering an initial public offering (IPO) of its own, according to securities filings.
3tentos, based in the southern state of Rio Grande do Sul, said it could earn at least BRL1.4 billion ($283 million) if it prices its IPO in the middle of the target range. The company put the range at BRL11.75 to BRL13.75 per share for up to 110 million sh
3tentos aims to raise at least $280 mln to build a new plant as AgroGalaxy renews plans for an IPO of its own