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Exclusive: Brazil's VMH seeks Toronto IPO at $4 billion valuation, sources say

Reuters  |  TORONTO/SAO PAULO 

By John Tilak and Guillermo Parra-BernalTORONTO/SAO PAULO (Reuters) - Votorantim Metais Holding SA is looking to raise $750 million in an initial public offering on Canada's Toronto Stock Exchange that would value the Brazilian base metals producer at $4 billion, two people with direct knowledge of the plan said on Wednesday.São Paulo-based VMH aims to price the secondary, cross-border listing between September and December, said the people. Proceeds will go entirely to parent company Votorantim SA, which needs cash to invest in other business areas, the people said.After considering both New ...

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First Published: Wed, July 12 2017. 17:10 IST
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