Vivara needs IPO to R $24 per share; Offer moves R $2.3 billion

The Vivara Jewelers Network has precified its initial offer of shares (IPO) to R $24 per paper, the Brazilian Securities and Exchange Commission (CVM) said on Tuesday (8), closer to the top of the indicative range defined by the advisory banks of the operation, Between R $21.17 and R $25.40. The offer included the sale of 18,894,662 shares in the primary tranche, with financial volume of R $453.5 million, resources that will go to the company's cashier. In the secondary offer, which had as shareholders sellers Nelson Kaufman, Márcio Monteiro Kaufman, Paulo Kruglensky and Marina Kaufman Bueno Neto, the operation moved 76,759,564 shares, with financial turnover of R $1.842 billion. The two batches totalize about R $2.3 billion. The company, owner of Vivara Brands, Life by Vivara, Vivara Watches, Vivara Fragrances and Vivara Accessories, debuts at the B3 trading session with the code VIVA3 on October 10th.