RIO DE JANEIRO, BRAZIL - Energy giant Raízen, a partnership between Cosan and Shell, will launch its largest initial public offering (IPO) in 2021. The move is symbolic beyond the figure. It is the listing of a unique asset in the world.
The operation is expected to take place in July. It will also represent the debut at B3 stock exchange of one of Brazil's 5 biggest companies in terms of revenue, with its almost R$115 billion recorded in the year ended last March.
The company will seek a valuation between R$90 billion and R$100 billion . . .