SAO PAULO, April 10 (Reuters) - Azul SA, Brazil’s No. 2 domestic airline, priced the domestic portion of a dual-country initial public offering at 21 reais per preferred share on Monday.
According to information on the website of Brazil’s securities industry watchdog CVM, Azul sold 63 million preferred shares at the mid-point of a suggested price range of between 19 reais and 23 reais. The domestic portion fetched a total of 1.323 billion reais ($422 million) for Azul and seller shareholders, according to the CVM.
$1 = 3.1325 reais Reporting by Guillermo Parra-Bernal; Editing by Sandra Maler