Reinsurer raises 2 billion reais in July's third Brazilian IPO

Milbank, Tweed, Hadley & McCloy LLP's São Paulo office and Mattos Filho, Veiga Filho, Marrey Jr e Quiroga Advogados have helped Brazil's largest reinsurer IRB Brasil Resseguros raise 2 billion reais (US$639 million) in an initial public offering (IPO).

Reinsurer raises 2 billion reais in July's third Brazilian IPO São Paulo stock exchange , flickr.com/CalielCosta

Bradesco BBI, BB Investimentos, Itaú BBA, JP Morgan, Plural Brazil, Bank of America Merrill Lynch and BTG Pactual were placement agents for the offering and enlisted Hogan Lovells LLP in São Paulo and New York and Brazil's Lefosse Advogados. 

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