The Brazilian Mercantile & Futures Exchange-BM&F SA ended its Initial Public Offering (IPO) process with the participation of 260,946 investors. All of the 299,184,846 common shares offered to the market were sold. This figure includes 39.02 million common shares to cover over-allotments. The IPO generated BRL5.983 billion, absorbed in its totality by the selling shareholders. A total of 253,707 individual investors participated in the IPO, acquiring 28.56 million shares. The greatest volume of shares – 231.43 million – was purchased by 806 qualified institutional buyers. The end of the IPO process resulted in a free float of 33.2% of BM&F’s common shares.
The Brazilian Mercantile & Futures Exchange celebrated its listing on São Paulo Stock Exchange (BOVESPA)’s Novo Mercado on Friday, November 30, under the BMEF3 ticker. At the opening bell, the shares were priced at BRL25.00, compared to the initial IPO price of BRL20.00, and closed the first trading session at BRL24.40.