Klabin Segall Plans IPO

Brazilian real estate firm Klabin Segall is to follow others in the sector with the launch of its IPO set for next month. Klabin Segall is hoping to raise as much as $345 million from the flotation of its stock on the Novo Mercado of Bovespa. It plans to sell 32.3 million ordinary shares, of which 22.6 million will be offered via a primary offering. The company also has an option to issue an additional 15% of shares in the face of strong demand. Deutsche Bank and UBS will lead the issue.