- The transaction moved BRL 367 million with the sale of new shares;
- Cash will go to the Minas Gerais-based company to expand its marketplace.
Brazilian online coupon and cash-back provider Méliuz‘s IPO came to BRL 10 each, the lowest price-range expected by the coordinators, which went up to BRL 12.50 per share.
According to information from the Brazilian Securities and Exchange Commission (CVM, in Portuguese) on Tuesday, the transaction moved BRL 367 million with the sale of new shares, which will go to the cash of the company based in Minas Gerais to expand its marketplace, financial services and conduct acquisitions.
It was not immediately clear whether the funds Monashees, Lumia Capital, and Endeavor Catalyst, which would-be sellers in the secondary offer, gave up on negotiating their shares in the IPO.
(Translated by LABS)