Agra IPO Raises $344mn

Brazilian real estate and property development company AGRA Empreendimentos Imobiliarios raised $344m yesterday, Wednesday, after floating its stock on Bovespa. Shares in the IPO priced at 8.50 reais ($4.19), mid-way between initial guidance of 7 to 10 reais. Settlement is April 30. Credit Suisse was the sole bookrunner.