Omega Generation announces follow-on that can move $188 mn

Omega Generation announced a share offering with secondary distribution of 24,479,998 papers, which it expects to price on the 28th. Considering the closing price of R$41.75 ($7.8) on the 22nd, the follow-on, which has Itaú BBA as coordinator, may move R$1.022 billion ($188 mn). The offer will have as selling shareholder the investment fund Bolt, managed by Santander, Caceis Brasil Distribuidora de Títulos e Valores Mobiliários S.A. and managed by Tarpon Gestora de Recursos S.A.

Source: Money Times