Havan calls off IPO for second time

Havan calls off IPO for second time

IPO Equity Capital Markets Commerce Retail shopping Brazil

Brazilian department store chain Havan has cancelled a proposed initial public offering (IPO) on the B3 stock exchange in São Paulo for a second time but said it will resume plans to list shares at the "opportune moment," according to a securities filing. Santa Catarina-based Havan initially registered for an IPO in August last year, looking to raise around BRL100 billion ($19 billion) in its stock market debut, but it called off the sale in October after investors valued the company between BRL

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial