Carlyle-Backed Rede D’Or IPO Said to Raise $2.2 Billion
- Hospital chain becomes third-biggest IPO in Brazil history
- Shares were priced at 57.92 reais each amid high demand
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Rede D’Or Sao Luiz SA’s initial public offering raised 11.4 billion reais ($2.23 billion), according to people familiar with the matter, making it one of the biggest in Brazil’s history.
The hospital operator backed by private equity firm Carlyle Group Inc. sold 145,677,487 voting shares at 57.92 reais apiece, according to Brazilian regulator CVM. The proposed price range was 48.91-64.35 reais.