Brasil: Afya to raise US$234m in Nasdaq IPO

Crescera Investimentos-backed medical and healthcare education group Afya intends to raise US$234m in an IPO in New York. It intends to sell 13.7 million shares at a price range of US$16-US$18. This would give it an average market value of US$1.5bn. Founded in 1999, Nova Lima-based Afya has 16 undergraduate and graduate campuses spread across…

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