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Warburg Pincus-backed Sequoia plans $323 mln IPO in Brazil

Sep 16, 2020 - Nasdaq

SAO PAULO, Sept 16 (Reuters) - Brazilian logistics company Sequoia Solucoes Logisticas SEQL3.SA plans an initial public offering to raise up to 1.7 billion reais ($323.18 million), according to a securities filing. The company, which is controlled by U.S. private equity firm Warburg Pincus LLC, set a price range between 14.25 reais and 17.75 reais per share. The final price will be set on Oct. 5. Both the company and its shareholders intend to sell shares in the offering, it said in the filing...