July 8, 2020 / 12:47 PM / a month ago

Brazilian homebuilder Lavvi files for IPO - filing

SAO PAULO, July 8 (Reuters) - Brazilian upscale homebuilder Lavvi Empreendimentos Imobiliários SA has filed for an initial public offering, its shareholder Cyrela Brazil Realty said in a filing late on Tuesday.

Cyrela will sell part of its 45% stake in the company, but Lavvi will also sell new shares and raise cash. (Reporting by Tatiana Bautzer Editing by Chizu Nomiyama)

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