SAO PAULO, June 27 Brazilian health service provider Qualicorp and shareholders agreed on Monday to sell shares at an initial public offering at 13 reais per share, below their suggested price range.
The company did not immediately disclose information on the number of shares it sold to investors. Qualicorp, which is controlled by U.S. buyout firm Carlyle [CYL.UL], had plans to sell up to 97.99 million shares including the additional and supplementary lots, at a price range between 16 reais to 19 reais.
The transaction could have helped Qualicorp and shareholders raise a total 1.86 billion reais ($1.2 billion) had the IPO been priced at the top of that range.
The shares are due to debut on the Bovespa stock exchange in Sao Paulo under the symbol "QUAL3" on June 29.
(Reporting by Guillermo Parra-Bernal and Cesar Bianconi)