Metalfrío Plans IPO

Metalfrío Solutions, a Brazilian fridge-freezer manufacturer, is to launch an IPO via Bovespa, the company said in a filing with the Stock Exchange. The company hopes to raise $281 million (580 million reais) from the sale of 20.7 million common shares at a price of between 24 reais and 28 reais per shares. Metalfrío will also offer shares to foreign investors under 144a rules. UBS is the lead.