Brazil's Fleury seeks to raise $334 mln in IPO

Related Topics

SAO PAULO | Mon Nov 30, 2009 5:08am EST

SAO PAULO Nov 30 (Reuters) - Brazilian medical services company Fleury and its shareholders said on Monday they plan to raise up to 582.3 million reais ($334 million) through an initial public offering that should be concluded by mid-December.

The company and shareholders plan to sell 34.25 million voting stock at a price range between 15 reais and 17 reais each, according to a statement published in a local newspaper. The stock is expected to start trading in the Sao Paulo stock exchange as early as Dec. 17, the statement said.

When listed the company will trade under the stock identification code (FLRY3.SA). (Reporting by Guillermo Parra-Bernal and Eduardo Simoes; Editing by David Holmes) ($1=1.734 reais) ((guillermo.parra@thomsonreuters.com; +55-11-5644-7714; Reuters Messaging: guillermo.parra.reuters.com@reuters.net))

Related Quotes and News

Company
Price
Related News
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.