Brazil's Agibank slashes US IPO size by over 50%

Reuters
Feb 10
Brazil's Agibank slashes US IPO size by over 50%

Feb 10 (Reuters) - Brazilian fintech Agibank has downsized its U.S. initial public offering by more than 50%, according to a regulatory filing on Tuesday.

The company now plans to sell 20 million shares, compared with roughly 43.6 million shares earlier.

Goldman Sachs, Morgan Stanley, and Citigroup are the ​global coordinators for the offering.

Agibank will ‍list on the New York Stock Exchange under the symbol "AGBK".

(Reporting by Arasu Kannagi Basil in Bengaluru; Editing by Leroy Leo)

((ArasuKannagi.Basil@thomsonreuters.com;))

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