Track & Field prices IPO below target

Track & Field prices IPO below target

Capital Markets Corporate & Sovereign Strategy Equity IPO Rule 400 Brazil Latin America

Brazilian sporting goods retailer Track & Field raised BRL523 million ($93.5 million) from its initial public offering (IPO) on Thursday after pricing below target at BRL9.25 per share. Track & Field set a target price range of BRL10.65 to BRL14.95 per share earlier this month. The São Paulo-based chain said it raised over BRL182 million from the primary offering and the founders and controlling shareholders Frederico Wagner, Ricardo Rosset and Alberto Azevedo earned BRL341 million in th

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