Brazilian entertainment company, Time for Fun, will offer shares in an initial public offering (IPO) to raise $376 million, Reuters reports. The company will sell 29.31 million voting shares for $8.7-11.1 each. Time for Fun may also issue an additional 4.4 million shares pending market conditions. Credit Suisse, BTG Pactual and the investment banking unit of Banco Bradesco will manage the offering.
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