Brasilagro To Float On Novo Mercado

Brazilian agribusiness Companhia Brasileira de Propriedades Agricolas (Brasilagro) is set to float its stock on the São Paulo Stock Exchange at the beginning of May with a primary offering of 432,000 common shares. The shares will be listed on the Novo Mercado section of the exchange, which has more rigorous reporting requirements. Brasilagro will sell the shares to local investors and qualified US investors under Rule 144a. The underwriter for the offer is Credit Suisse.