Urca files for IPO

Urca files for IPO

Corporate & Sovereign Strategy Equity Brazil United States Capital Markets

Brazilian real estate company Urca Real Estate Holdings said it has filed for an initial public offering (IPO) to raise money for investments in the US market. Urca intends to sell at least 8 million Brazilian depositary receipts (BDRs), securities of assets that are held abroad, but it could increase the size of the deal by 1.6 million BDRs to meet demand, it said in a prospectus on Thursday. It expects to price the transaction on October 17, two weeks after the general election on October 2. I

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