AgroGalaxy prices IPO at bottom of range

AgroGalaxy prices IPO at bottom of range

IPO Equity Capital Markets Brazil

Brazil's AgroGalaxy, an agricultural inputs retail company owned by local private equity firm Aqua Capital, said it earned BRL350 million ($67.2 million) in its initial public offering (IPO) after pricing its shares at the low end of the indicative range, according to a securities filing. AgroGalaxy issued 25.5 million new shares for BRL13.75 each and increased its shares capital to BRL839 million, it said in the filing on Thursday. The company had set the price range at BRL13.75 to BRL16.50 per

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