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Brazil’s Unicoba resumes IPO looking to raise US$85 million

RIO DE JANEIRO, BRAZIL - After rehearsing a larger IPO early this year, Unicoba has resumed plans and now intends to raise R$450 (US$85) million in the coming weeks, in a fully primary offering that may mark the debut of a battery manufacturer on the Brazilian stock exchange.

The company has plants in Manaus (AM) and Extrema (MG), and has returned to the stock market with a restricted bid with three anchor investors guaranteeing part of the operation.

Founded in 1973 by Korean immigrant Young Moo Park, Unicoba operates on two fronts, batteries and LED lighting, both focused on . . .

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