Multiplus up 6.1%, runs against Brazilian stock exchange - Suppliers Share Wrap

Multiplus, the frequent flyer management company of TAM, Brazil's largest airline, raise USD393 million in its IPO on Brazil’s Bovespa index in early Feb-2010. Despite the IPO price of BZR0.16 per share, well below the IPO estimate of BZR0.18-24, and a few disappointing days of early trading, the stock finished last week strongly, closing up 6.1% on Friday to BZR0.174 per share.

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