April 25, 2013 / 9:50 PM / in 5 years

BB Seguridade raises $5.74 bln in world's largest IPO this year

SAO PAULO, April 25 (Reuters) - Brazilian insurance and pension company BB Seguridade Participações SA raised 11.48 billion reais ($5.74 billion) in an initial public offering late on Thursday, the world’s largest this year.

The company priced shares at 17 reais each, according to a source familiar with the deal. About 675 million common shares were sold in the transaction, according to data in securities regulator CVM’s Website.

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