Caixa Seguridade raised $216 million through a secondary share offering priced at 14.75 reais. The offering was conducted by its controlling shareholder, Caixa Economica Federal, highlighting robust investor interest.
Brazilian insurance firm Caixa Seguridade has successfully conducted a secondary share offering, raising a total of 1.22 billion reais, equivalent to $216 million. The shares were priced at 14.75 reais, or approximately $2.61 each, according to local media reports from Valor Economico. This offering was executed by Caixa Economica Federal, which is the controlling shareholder of Caixa Seguridade. The current exchange rate stands at $1 equaling 5.6490 reais.
In conclusion, Caixa Seguridade’s recent secondary share offering was a significant success, raising $216 million for the company. This reflects strong market interest and underscores the financial performance of the firm backed by its controlling shareholder, Caixa Economica Federal.
Original Source: www.tradingview.com
