Caixa Seguridade, the insurance holding company of Caixa Econômica Federal, launched its stock offering (IPO) to the market, which may raise up to R $ 5.7 billion, considering the top of the indicative range of the offer, which ranges from R $ 9.33 to R $ 12.67 per share.
The offer is secondary and, according to the prospectus, 450 million shares of its parent company, Caixa, should initially be offered. The offer may be increased by up to 15%, that is, up to 67,500,000 shares of the selling shareholder, which may increase funding to R $ 6.548 billion, considering the top of the range.
Banco Morgan Stanley (Lead Coordinator), Caixa, Bank of America, Credit Suisse (Brazil), Banco Itaú BBA and UBS Brasil are part of the operation, which will have efforts to place the Shares abroad.
The deadline for the closing of the reservation period for related persons is April 15th, with the closing of the offer on the 26th.
The fixing of the price per share is scheduled for April 27. The paper negotiations are scheduled to start on April 29.
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