Caixa Seguridade has filed for a secondary share offering of 82.5 million shares owned by Caixa Economica Federal, expected to raise around 1.32 billion reais ($227.94 million), with pricing set for March 19.
Caixa Seguridade, a Brazilian state-run insurance company, has officially filed for a follow-on share offering, focusing on the secondary sale of stock from its majority owner, Caixa Economica Federal. This initiative comes after plans were previously discussed in late 2024, where Caixa authorized the move following extensive evaluations.
The share offering will include 82.5 million common shares. Given the closing stock price of 15.99 reais on the previous Friday, the total value of the offering is estimated at around 1.32 billion reais, equivalent to approximately $227.94 million.
The pricing for the offering is set to take place on March 19, with prominent financial institutions such as Itau BBA, Caixa Economica Federal, BTG Pactual, Bank of America, and UBS BB overseeing the transaction.
Caixa Seguridade’s planned secondary share offering represents a significant financial maneuver, allowing a sale of 82.5 million shares valued at about 1.32 billion reais. The involvement of major banks in the transaction management suggests strong interest and potential for investor engagement. The upcoming pricing date of March 19 will be critical for market reaction.
Original Source: www.tradingview.com
