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RIO DE JANEIRO, BRAZIL - While the Correios' privatization drama drags on, a company that was born and grew in the last decade alongside the state-owned company is aware the potential growth in online sales may crown its trajectory with its debut in the stock market: Sequoia Logística plans to announce the success of its initial public offering (IPO) in the B3 on Monday, October 5th.

The company, the largest independent logistics operator in the country, with a 16 percent market share, is trying to launch an IPO with a narrative that refers to the one adopted by Boa . . .

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