Viveo (Photo: Disclosure)
Monday (9) session was marked by the debut of Viveo shares (VVEO3), which saw a strong rally, although a bit away from today’s highs. VVEO3 shares closed with a strong gain of 9.44% at R$21.80. At the maximum at the start of trading, assets rose 15.36% to R$22.98.
On Thursday last week, the company priced its initial public offering (IPO) at R$19.92 per share.
Viveo is a distributor of medical products. The company was founded in 1996 by the Mafra family, who now controls the company with the Bueno family, founders of the Amil Group.
The company, whose official name is CM Hospitalar and headquartered in Ribeirão Preto (SP), was created with a focus on the export and import of medicines.
As of 2017, its growth pace has been accelerated by acquisitions, including the Flexicotton Personal Care Group, and companies such as Biogenetix, Vitalab and Byogene for hospital products; In addition to the Far.Me segment in pharmacotherapy. The shopping list also included vaccine manufacturer Tecnocold and diaper and disposable manufacturer Cremer.
The group presents itself as a leading distributor of medical hospital materials and pharmaceuticals in Brazil and has a market share of 7%, as the company highlighted in its initial public offering prospectus, which has 15 distribution centers in the country.
The initial public offering took place in August and raised R$1.8 billion in funds to invest in growth and acquisitions, as well as allowing business partners to sell shares.
(with Reuters)
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