RIO DE JANEIRO, BRAZIL – Brazil maritime services provider OceanPact Serviços Marítimos has concluded a R$1.22 billion (US$226.51 million) initial public offering, according to a securities filing on Wednesday, February 11th.
OceanPact priced the offer at R$11.15 per share, at the bottom limit of the indicative range of up to R$13.85 per share.
The company raised R$920 million in the offering, aimed at expanding its fleet of boats and buying other equipment, while shareholders sold about R$300 million in shares. ($1 = 5.3860 reais)
