FPC Par Corretora de Seguros Bovespa IPO

Overview:

• FPC Par Corretora de Seguros has undertaken an IPO on the Bovespa stock exchange.
• The offering consists of 48,888,890 shares priced between R$11.25 and R$11.60 a share.
• The offering raised R$603 million.
• Banco Bradesco, JPMorgan, Banco BTG Pactual, Credit Suisse and Banco Itaú acted as underwriters. 
• The deal represents the sole IPO in Brazil in 2015.
• FPC Par Corretora de Seguros is a Brazilian insurance broker.

Rani Mehta - Journalist