Compass Breaks 5-Year Brazil IPO Drought With $650 Million Offer

AI Summary

Compass Gas e Energia SA completed a noteworthy initial public offering, raising $650 million. This marks a significant milestone as it ends a nearly five-year hiatus in Brazil for IPOs, signaling a potential revitalization of the market.

Compass Gas e Energia SA’s shareholders raised 3.2 billion reais ($650 million) the first initial public offering in Brazil in almost five years, according to people familiar with the matter.