August 22, 2017 |
Omega Geracao has opted to sell its greenshoe allotment of
shares, betting on a spike in its stock price since going public last month, LatinFinance understands.
The Brazilian renewable energy developer raised BRL734m
($234m at the time) at the end of July, leaving open an option to sell another
BRL55.06m in equity.
Bookrunners Bank of America Merrill Lynch, Bradesco, BTG
Pactual, Itau BBA, Santander and XP Investimentos will underwrite the 3.53m
shares in the greenshoe, according t
Brazilian renewable energy developer will exercise an extra allotment of shares despite pricing its IPO below the suggested range