Unidas Looks for 2014 IPO

Brazilian fleet rental and sales company Unidas has officially asked regulators for a postponement of its IPO registration until February, it says. The move confirms what the market expected, after the issuer filed for an IPO in July but never launched. Brazilian equity issuers towards the smaller end of the scale – Unidas never gave an official size, but had BRL205m ($90m) Ebidta last year – are waiting to see if the first half of 2014 offers friendlier market conditions. CVC Viagens, targeting BRL700m, and Via Varejo, expecting BRL3.6bn, are scheduled to price next month. BTG Pactual, JPMorgan, Bank of America Merrill Lynch and Espirito Santo were working with Unidas, seeking growth funds.