RIO DE JANEIRO, BRAZIL - Raízen filed a request for an initial public offering (IPO) with the Brazilian Securities and Exchange Commission (CVM) on Thursday, June 3. Analysts had anticipated in May that the request would be made earlier this month, and reported that the value should float between US$10 billion and US$13 billion, which would make it among the largest in the history of the Brazilian B3 stock exchange.
Earlier this week, the joint venture between Brazilian infrastructure group COSAN (CSAN3) and Anglo-Dutch oil company Shell had announced its intention to request an IPO. Raízen . . .