Brazilian Retailer Plots IPO

Brazilian clothing retailer Marisa plans to raise up to BRL739m in an IPO, it said in a stock market filing. The company will float 44m voting shares at BRL10-BRL14, with existing shareholders offering 8.8m units at the same price. Credit Suisse will lead the offering, with UBS Pactual, HSBC and Banco Safra as co-managers.