Automob was born big, with more than 13 billion reais in turnover
The Automob dealership is going public on the stock exchange on Monday 16th. It's actually a spin-off of an already listed company, Vamos, a subsidiary of the Simpar Group. Technically, it is an IPO, but there is no public offering of shares - they will be distributed to Vamos shareholders.
Read the full story at: Is the queue moving again? Automob debuts on the stock exchange - and... | VEJA