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Brazil’s Sugarcane Technology Center is “training” investors to raise R$1 billion with IPO

RIO DE JANEIRO, BRAZIL - The Centro de Tecnologia Canavieira (Sugarcane Technology Center - CTC) is seeking to "educate" potential investors before resuming its initial public offering (IPO) process, interrupted in April this year.

At the time, there was strong competition from several other offerings, and the IPO window in the Brazilian market was starting to close. The company expected to raise approximately R$1 billion (US$196 million) with the operation.

Although the company has been posting financial results that may please more traditional investors, with a continuous increase in margins and cash flow over the past four years, CTC wants . . .

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