The Brazilian Securities and Exchange Commission ("CVM") enacted on September 25th, 2014 the CVM Rule No. 551 ("CVM Rule 551/14"), allowing public offerings of certain equity securities distributed with restricted placement efforts ("Restricted Public Offerings"), including stock¹.
The main changes introduced by the CVM Rule 551/14 are the following:
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The client alert is available in electronic format and can be downloaded through the link below.
ATTACHMENTS
CVM authorizes public offerings of stock without registration (PDF)
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