Brazilian food company, International Meal, may raise between $247.8 million and $302.8 million through an initial public offering of shares, The Wall Street Journal reports. The trading is expected to begin on the Brazilian Stock Exchange or BMFBovespa on March 9, 2011.
The company will use the IPO proceeds to fund its development and to trim down its debts. BTG Pactual, Credit Suisse, Banco Santander, Bradesco BBI and Itau BBA will manage the operation.
Click here for the story from The Wall Street Journal.