Brazilian veterinary product manufacturer Ouro Fino Saúde Animal
Participações S.A. filed for an initial public offering on
Monday, which if carried out would be the first successful
Brazilian IPO this year.
The size and date of the offering, which is being led by
JPMorgan Chase & Co, have not yet been disclosed. Money
raised from the primary offering will be used to pay down debt
and expand business activities at home and abroad, according to
a prospectus filed with securities regulator CVM.
Prospects for Brazil's equity markets and stock offerings
have been gloomy this year, partly because of political
uncertainty related to the October presidential election,
bankers and investors say.