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Updated · Bloomberg · Apr 28Compass Gas e Energia seeks 3.1 billion reais in Brazil IPO
8 articles · Updated · Bloomberg · Apr 28
- The Cosan-controlled company aims to offer 89.3 million shares at 28 to 35 reais each, targeting a valuation near 25 billion reais.
- This would mark Brazil's first initial public offering in nearly five years, potentially raising $622 million if priced at the top range.
- The IPO could signal renewed investor confidence in Brazil's capital markets after a prolonged drought in new listings.
After a five-year drought, can Compass's IPO truly revive Brazil's dormant stock market? Can one IPO solve the massive debt problem of Compass's parent company, Cosan? Is this major investment in natural gas the right move for Brazil's clean energy future? As Brazil's gas supply doubles, can demand keep pace to avoid a market glut? With LNG becoming a core supply, can Compass defend its market share from global competition?