Abnote Raises $226 Million From IPO

Abnote, the Brazilian subsidiary of US printing and document management company American Banknote, has raised $225.8 million from its IPO on the Novo Mercado of the São Paulo Stock Exchange. The company sold 28.26 million of common shares at a price of 17 reais per share, at the top end of the price range the company had estimated. The sale was arranged by Credit Suisse and UBS.