Brazilian Shopping Mall Goes Public

Brazil’s Iguatemi Empresa de Shopping Centers, which owns shopping malls, priced a $224 million IPO Tuesday. It sold 2.39 million shares at 30 reais, or $14.08 per share, according to Dealogic. UBS-Pactual and Itau BBA split the books on the deal, earning a total fee of $6.7 million for their work. The offering was filed on November 16. Citigroup and Santander were underwriters.