OSX Brasil SA, the shipbuilding and oil-services company controlled by Brazilian billionaire Eike Batista, may raise as much as 9.92 billion reais ($5.52 billion) in the country’s biggest initial public offering since October.
Rio de Janeiro-based OSX plans to sell 5.5 million shares priced from 1,000 reais to 1,333.33 reais, according to a prospectus the company published in Valor Economico newspaper today. The company may sell an additional 1.9 million shares, according to the prospectus.
OSX’s IPO may be the biggest in Brazil since Banco Santander SA’s local unit sold a record 12.3 billion reais of shares in October. Batista has taken four companies public since 2006, including oil producer OGX Petroleo & Gas Participacoes SA, whose share sale in June 2008 was Brazil’s biggest at the time.
The shares will be priced on March 17 and will start trading on March 19, OSX said.