Overview
- The offering priced at R$28 per share and sold 100,892,857 shares, with a 13% extra allotment lifting the total to nearly R$3.2 billion.
- The sale was entirely secondary, so all proceeds go to selling shareholders including Cosan, Bradesco Previdência, and funds managed by Atmos, with no new cash raised for Compass.
- Compass shares are set to begin trading on B3 under the ticker PASS3 on May 11, with settlement on May 12.
- The deal was open only to professional investors and was oversubscribed, which led the company to increase the allotment by 13% during bookbuilding.
- BTG Pactual led a large bank syndicate that included Bank of America, Bradesco BBI, Citi, Itaú BBA, Santander, JPMorgan, XP, BNP Paribas, and UBS BB, with Bank of America able to run a price‑stabilization option of up to 15% through June 5.