Cetip, Brazil’s clearing house for over-the-counter financial instruments, has revived its plan to sell up to 50% of its capital in an initial public offering.
The firm was expected to officially file for an IPO with the Comissão de Valores Mobiliários, the country’s regulator, on Tuesday (September 1) or Wednesday (September 2), the newspaper O Estado de S Paulo reported on Monday (August 31).
The sale might raise R$3bn-R$4bn ($1.6bn-$2.1bn), the paper reported, adding that the IPO might be Brazil’s second biggest on in 2009....