(Updates on filing)
SAO PAULO, Jan. 22 (Reuters) – Casa & Video from a Brazilian appliance dealer were submitted for an initial public offering on Friday, according to a preliminary preview on the securities industry watchdog CVM website.
The Rio-Janeiro-based company has hired investment banks Itau Unibanco Holding SA, Banco Santander Brasil SA, Citigroup, BTG Pactual SA and XP Investments to manage the offer, confirms a previous Reuters report.
The company did not disclose in filing a price range for its shares or the pricing date.
The retailer, which operates 150 stores in Brazil’s southeastern states, expects the IPO to receive about 1 billion reais ($ 184 million), according to sources familiar with the matter.
Casa & Video is one of the few Brazilian companies that has successfully emerged from breach protection. (Reporting by Carolina Mandl and Tatiana Bautzer; Editing by Jan Harvey and Rosalba O’Brien)