InBrands, a Brazilian holding company that runs clothing luxury brands, applied on Friday to obtain a listed company status with regulators - a pre-requisite to sell securities and shares to investors. According to the International Financing Review, InBrands hired the investment banking units of BTG Pactual and Itau Unibanco to consider plans to sell shares in an initial public offering in Brazil.
Should InBrands decides to have an IPO, it would be the first Brazilian luxury brand to go public. In February, shoe maker Arezzo raised about $351 million from investors in an IPO.
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