Cosan Announces Moove’s IPO and NYSE Listing

Cosan (CSAN) has released an update.

Cosan S.A. has announced the launch of an initial public offering (IPO) for its subsidiary Moove Lubricants Holdings, with Moove offering 6.25 million shares and Cosan, alongside Galt Lubes Investments Limited, offering 18.75 million shares. The shares are priced between $14.50 and $17.50, and there’s a potential additional 3.75 million shares available through an underwriters’ option. The IPO is coordinated by major financial institutions including J.P. Morgan and BofA Securities, with Moove’s common shares to be listed on the New York Stock Exchange under the ticker ‘MOOV’.

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