Allpark files for IPO in Brazil

Parking lot administrator Allpark Empreendimentos Participações has filed for an IPI registration in Brazil, according to the country’s securities and exchange commission, CVM.

The registration entails a primary offering of new shares of which proceeds will go to company coffers, and a second offering of stock which is held by current shareholders. The operation is to have BTG Pactual as its lead coordinator.

Allpark’s leading brand is Estapar, a network of parking facilities running through 15 Brazilian states as well as the Federal District. It boasts more than 400,000 parking spots at approximately 700 locations.