In order to raise a lot of money, the Brazilian unit of Santander announces an initial public offering, equivalent to an IPO (Initial Public Offering of shares).

The primary objective is to raise about 200 million U.S. dollars. That is what appears from a statement to the Securities Commission of the United States.

The offer will be conducted through the Stock Exchange of St. Paul. The shares will be offered in the bag and also listed on Wall Street. Continue reading →