Post by ukipa on Apr 25, 2012 19:12:22 GMT 4
BTG Sells Biggest IPO for Investment Bank in Two Years
by Avila Capital Markets, Inc.
Banco BTG Pactual SA (BBTG11), the Brazilian bank led by billionaire Andre Esteves, is raising as much as 3.66 billion reais ($1.95 billion) in the biggest initial public offering for an investment bank in two years.
The IPO units, which represent shares in BTG and its private-equity arm, are being sold at 31.25 reais each, valuing the company at $14.5 billion, the Sao Paulo-based bank said in a statement. BTG had said previously it expected a price of 28.75 reais to 33.75 reais. The bank is selling 93.6 million units in new capital and previous shareholders are selling 23.4 million units.
Read full article...
www.bloomberg.com/news/2012-04-24/btg-s-ipo-raises-1-95-billion-valuing-bank-at-14-5-billion.html
by Avila Capital Markets, Inc.
Banco BTG Pactual SA (BBTG11), the Brazilian bank led by billionaire Andre Esteves, is raising as much as 3.66 billion reais ($1.95 billion) in the biggest initial public offering for an investment bank in two years.
The IPO units, which represent shares in BTG and its private-equity arm, are being sold at 31.25 reais each, valuing the company at $14.5 billion, the Sao Paulo-based bank said in a statement. BTG had said previously it expected a price of 28.75 reais to 33.75 reais. The bank is selling 93.6 million units in new capital and previous shareholders are selling 23.4 million units.
Read full article...
www.bloomberg.com/news/2012-04-24/btg-s-ipo-raises-1-95-billion-valuing-bank-at-14-5-billion.html