October 24, 2019 / 10:18 PM / a month ago

Dutch retailer C&A prices shares in Brazil IPO at 16.50 reais

SAO PAULO, Oct 24 (Reuters) - C&A Modas SA, the Brazilian unit of Dutch fast-fashion retailer C&A, priced its shares in an initial public offering (IPO) at 16.5 reais ($4.08), according to two sources.

The pricing was at the very bottom of the expected range. C&A and its bankers had set a range between 16.5 and 20 reais.

$1 = 4.0403 reais Reporting by Tatiana Bautzer and Carolina Mandl Editing by Chris Reese

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