Vamos has just launched a follow-on that is expected to raise R$ 1.5 billion with the sale of 118 million shares. A large part of the offer - R$ 1 billion - will be primary, with the money going into the company's cash flow to support its organic growth, with the purchase of trucks and machines for rental. Another undetermined portion of the funds should help reduce the company's net debt, which closed the first quarter at R$ 7.2 billion, a leverage of 3.2x EBITDA.
