What is the size of the OGX Petroleo e Gas IPO?
The OGX Petroleo e Gas IPO is expected to raise around 5.59 billion real which will be equivalent to USD 3.37 billion.
How many shares of the OGX Petroleo e Gas IPO will be offered for sale through the OGX Petroleo e Gas IPO?
A total of 4.95 million shares will be offered for sale by the OGX Petroleo e Gas IPO. The shares will be sold both in Brazil and overseas.
What is the price range or price band of the OGX Petroleo e Gas IPO shares?
The OGX Petroleo e Gas IPO shares will be offered in the price range of 883 reais to 1,131 reais. OGX may increase the offer by 15 percent and sell another 741,807 shares worth as much as 839 million reais.
What are the business valuations of OGX Petroleo e Gas IPO?
This OGX Petroleo e Gas IPO is betting on the country's recent oil finds which are expected to lure investors.
Batista, Brazil's richest man, is bucking a trend of IPO cancellations this year in Brazil, home to the world's best- performing equity market. Only the U.S. canceled more IPOs than Brazil. Interest in Brazilian offshore oil soared after the announcement of the Tupi field, the largest Western Hemisphere oil find in three decades, and the possibility of 33 billion barrels in the Carioca field.
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