C&A shares debut on Monday on Bovespa

Retailer C&A began trading its shares at B3 on Monday (28). The company set the price of R$ 16.50 for its share in the initial public offering (IPO). At 1:30 p.m., the company's shares rose 3.94%, to R$ 17.15. At the same time, the Ibovespa, the main index of the Brazilian stock exchange, was up 0.52%, at 107,923 points. In the offer led by Morgan Stanley, the retailer sold 98,630,146 common shares, moving R$ 1.627 billion. Of the total supply, 50% corresponded to the primary issue, and the other half are secondary emission. In the first half, the company reported that it recorded a profit of R$ 777.2 million, after a loss of R$ 30.5 million observed in the same period of 2018.