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BTG, Holders Raising Up to 3.66 Billion Reais in IPO

Banco BTG Pactual SA 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.

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