BTG, Holders Raising Up to 3.66 Billion Reais in IPO

Banco BTG Pactual SA (BBTG11) and its shareholders are raising as much as 3.66 billion reais ($1.95 billion) in an initial public offering, not including a supplementary lot, according to data posted on the website on Brazil’s securities regulator.

BTG is selling 93.6 million units in a primary offering, while its shareholders are selling an additional 23.4 million units in a secondary offer, per 31.25 reais each, according to the CVM website.

To contact the reporter on this story: Cristiane Lucchesi in Sao Paulo at clucchesi5@bloomberg.net

To contact the editor responsible for this story: Fabiola Moura at fdemoura@bloomberg.net

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