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Posted on April 7, 2011
Magazine Luiza SA, a Brazilian electronic goods and furniture retailer, and its shareholders may raise as much as 1.43 billion reais in an initial public offering in Brazil, according to a prospectus published in Valor Economico today.
The company plans to sell as many as 67.9 million common shares at 16 reais to 21 reais each, according to the prospectus. The share is scheduled to be priced on April 28 and begin trading on May 2.
Banco Itau BBA SA is coordinating the sale.
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