The credit bureau Boa Vista confirmed the definition of price per share at R $ 12.20 in its initial public offering (IPO), as the PRO value – real-time information service from Value – he anticipated. The company raised R $ 2.17 billion, placing the base offer of R $ 1.89 billion and the supplementary lot – there was no additional lot. The indicative range was from R $ 10.80 to R $ 13.60.
Amid a series of cancellations of offers and price reductions to effect IPOs, Boa Vista achieved almost five times the demand in relation to what it put up for sale, two sources said. There is a relevant participation of foreign investors in the operation.
“Foreigners like the segment, it was more attractive because it is a database company with potential service expansion,” said a source.
In the secondary tranche, selling shareholders were the private equity fund TMG and the Associação Comercial de São Paulo. The base offer was primary and secondary, initially with 154,650,184 common shares, which was increased by up to 15% of the supplementary lot. There was no additional batch.
The offer coordinators were JP Morgan, Citi and Morgan Stanley.