October 23, 2020 |
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
Brazilian sporting goods retailer raised $93.5 million from primary and secondary offering