Practice Areas - Equity Capital Markets Law Firms and Lawyers
| Deal Date: | 07-07-2020 | Practice Area: | Equity Capital Markets |
| Deal Title: | Aura Minerals BDRs Initial Public Offering on the Sao Paulo SE | Industry: | Mining |
| Description: |
Simpson Thacher represented Aura Minerals Inc. and selling shareholders in Aura Mineral's initial primary and secondary public offering with restricted selling efforts of Brazilian depositary receipts (certificados de deposito de acoes, or BDRs). The BDRs of Aura Minerals were traded on the Sao Paulo Stock Exchange (B3) under the ticker symbol AURA32.
The offering, which raised RD790.1 million in gross proceeds (being RD271.4 million in gross proceeds to the Aura Minerals), was the first-ever initial public offering in Brazil with restricted selling efforts to institutional investors relying on Brazilian Securities Commission Instruction 476/2009.
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| Financial Center: | Sao Paulo | Value: | 100.01-500.00 |
| Advised Party: | Selling Shareholders | Law Firm | Simpson Thacher |
| Issuer Jurisdiction- | Brazil | Listing Jurisdiction- | Brazil |
| Classification: |
Initial Public Offerings Sao Paulo Stock Exchange |
Lawyer | Grenfel S Calheiros |
