SAO PAULO Dec 12 Potential investors in
Wednesday's initial public offering of Brazilian homebuilder
Construtora Tenda SA have largely signaled their interest if the
offering prices at the lowest end of the suggested price tag,
two people familiar with the plan said.
According to the people, several large investors who met
Tenda's owner Gafisa SA and the banks involved in the deal in
recent days said Tenda would be fairly priced at 12.50 reais a
share or less. Gafisa had previously set a maximum price of
16.50 reais per share for the IPO of the low-cost homebuilder.
(Reporting by Guillermo Parra-Bernal and Tatiana Bautzer;
Editing by Meredith Mazzilli)