Nexa Resources, a leading Brazilian miner of zinc and other metals being spun out of Votorantim, raised $496 million by offering 31 million shares at $16, below the range of $18 to $21. The company's parent intended to sell 34% of the deal. Nexa Resources plans to list on the NYSE under the symbol NEXA. J.P. Morgan, BMO Capital Markets, Morgan Stanley, Credit Suisse, BofA Merrill Lynch, Citi, Scotia Capital, Bradesco BBI and Credicorp Capital acted as lead managers on the deal.
