Multiplus Joins FO Pipeline

Multiplus has added its name to the list of Brazilian equity issuers aiming to get a deal out the door before the end of April, with a BRL800m ($408m) follow-on in the works, it says. The exact size and timing remain to be determined, although an initial prospectus estimates an April 16 pricing. The mileage rewards program for Brazil’s TAM raised BRL629m in its 2010 IPO. An IPO from Gol’s Smiles mileage program is expected in April, bringing the number of global peers for Multiplus to two.