Brazil sporting goods retailer Centauro prices IPO

Brazilian sporting goods retailer Centauro priced its initial public offering at 12.50 reais per share on Monday, close to the bottom of the range, a source with knowledge of the matter said.

Centauro, which filed under its formal name Grupo SBF, had estimated a range between 12.10 reais and 14.70 reais per share. Bradesco BBI, Itau BBA, BTG Pactual, Goldman Sachs, BB Investimentos and Credit Suisse managed the offering.

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Centauro posted a net income of 148.7 million reais in 2018, down 38.3 percent from the previous year. Still, its revenue grew by 15.6 percent over the same period, to 2.3 billion reais.

Centauro, which filed with its formal name Grupo SBF, had already filed for an initial public offering in November 2017. But the company gave up due to market conditions and did follow through with the needed documents.