The reservation period for small investors to participate in Raízen’s initial public offering (IPO) starts this Wednesday (21) and runs until August 2nd. The Brazilian company debuts at B3 on August 5th with the RAIZ4 ticket.
Investors wishing to participate must contact a broker about how many shares they would like to purchase and for what amount – the minimum to participate is R$3,000 and goes up to R$1 million. The indicative range of price per share varies between RS$7.40 and RS$9.60, which can raise more than RS$7 billion and be among the highest in history – the highest was for Santander, in 2009, with RS$13 .2 billion.
+ Multilaser’s IPO comes out at R$11.10 per share near the floor of the estimated range
+ Desktop prices IPO at R$23.50 per share
The offer is coordinated by BTG Pactual, Citigroup, Band of American, Credit Suisse Bradesco BBI, JPMorgan, Santander, XP Investimentos, HSBC, Safra bank and Scotiabank, according to CNN Brasil.
Raízen, the third largest energy company in Brazil in revenue (RS$ 114 billion in the crop year ended in March this year) and the fifth in the country, is a joint venture formed in 2010 from the union of part of the businesses of the Shell and Cosan.
Specialist in biofuel, the company is the main producer of ethanol from sugarcane and the largest individual exporter of sugarcane in the international market.
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