Laep Pushes Back IPO

Laep, the offshore Brazilian-run private equity firm whose main holding is Parmalat Brasil, has pushed back pricing of its IPO. It was scheduled for Thursday and will likely hold until Monday, say people close to the depository receipts offering. Bankers have been vying for investor attention in the midst of a crowded IPO calendar in the wake of the biggest deal of the year so far, the Bovepsa, which Wednesday raised $3.13bn. Laep had initially said it would look to price 78m BDRs at BRL11.50-BRL15.50, according to Dealogic. UBS Pactual is leading.