Senior Solution Joins BOVESPA Mais (Latin America)

Source: Latin Finance

Senior Solution, a Brazilian software company, has held an initial public offering in Brazil that raised BRL62million (approximately US$32 million). The company, which was listed on Brazil’s BOVESPA Mais without a share offering in May 2012, sold 3.5 million new shares. Brazilian investment and advisory firm Stratus Group and development bank BNDES sold an additional 2 million shares in a secondary offering. Stratus acquired a minority stake in Senior Solution in 2005.