Brazil furniture sales platform Mobly sets IPO price at 21 reais (updated)

home24 SE

04/02/2021 01:25

(Changes sourcing to Mobly's parent company)
    SAO PAULO, Feb 3 (Reuters) - Brazilian online furniture
sales platform Mobly SA  MBLY3.SA  set a final offer price for
its initial public offering at 21 reais per share on Wednesday,
parent company home24 SE  H24.DE  said in a statement.
    The target range for the IPO was between 17 and 23.50 reais
per share, according to the prospectus. The offering was
coordinated by Morgan Stanley, Bradesco BBI, Itau BBA and
Goldman Sachs.
    "Mobly S.A. will raise through the IPO approximately 777.8
million BRL (reais) gross proceeds," home24 said.



 (Reporting by Paula Laier in Sao Paulo and Kanishka Singh in
Bengaluru; Writing by Gram Slattery; Editing by Leslie Adler)
 ((gram.slattery@thomsonreuters.com; +55-11-95057-1453))