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Setting a New IPO Record, Petrobras Raises $67 Billion
In its first day in the open market, Petrobras managed to set a new record in a public offering, selling $67 billion in new common and preferred stock. The company sold more than 4 billion common and preferred shares Thursday, which is an important part of Petrobras' plan to double output over the next decade. Advising the company is longtime outside counsel Cleary Gottlieb Steen & Hamilton as well as offshore firm Walkers and Brazil's Machado, Meyer, Sendacz e Opice.Trending Stories
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