INSUBCONTINENT EXCLUSIVE:
Moove Lubricants Holdings, a Cosan subsidiary, is set to price its initial public offering on the New York Stock Exchange this
Wednesday.This event marks the first Brazilian company to list in the United States market in nearly three years
Moove aims to raise up to $437.5 million by offering 25 million shares priced between $14.50 and $17.50 each.The offering suggests a
potential valuation of around R$10.6 billion ($2.1 billion) for Moove
It includes 6.25 million new shares and 18.75 million existing shares from Cosan and CVC Capital Partners.Sources report strong investor
demand, with interest significantly exceeding the available supply
serving automotive, aviation, and other sectors
Giant Rides Investor Wave
After the IPO, Cosan will retain approximately 60% ownership of Moove, maintaining strategic control.The company will also benefit from
increased capital and market visibility
A consortium of major international banks, including J.P
confidence in Brazilian assets, particularly companies with solid fundamentals and growth prospects.As Moove prepares to debut on the NYSE,
an international public entity showcases the potential of Brazilian businesses on the global stage.
