Brazilian entertainment company, Time for Fun (T4F), has raised $341 million in an initial public offering (IPO), Reuters reports. T4F issued 11.7 million new shares, while existing shareholders sold 22 million shares for $10.1 each. T4F expected to raise about $394.3 million through the offering. The shares will be listed on the BM&FBovespa stock exchange. Credit Suisse, Brazilian securities firm BTG Pactual and the investment banking unit of Banco Bradesco managed the offering.
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