July 18, 2017 / 8:18 PM / a year ago

Carrefour Brasil prices IPO at 15 reais per share sources

SAO PAULO, July 18 (Reuters) - Grupo Carrefour Brasil SA on Tuesday priced Brazil’s largest initial public offering this year at 15 reais, two people with knowledge of the matter told Reuters, at the bottom-end of a suggested price range.

Reuters had reported earlier on Tuesday that concerns over a stretched valuation for Brazil’s biggest supermarket chain could drive the transaction to price at the low end of the 15-19 reais range. One of the people with knowledge of the IPO, who asked for anonymity, said bids were enough to “comfortably” cover the books. (Reporting by Guillermo Parra-Bernal, Tatiana Bautzer and Bruno Federowski; Editing by Tom Brown)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below