Banco Santander Brasil, a subsidiary of Santander Group and the fourth largest bank in Brazil, filed on Thursday with the SEC to raise up to $200 million in an initial public offering. The Sao Paulo-based company is planning a dual listing on the NYSE and the BM&F Bovespa, and its ADRs will comprise both common and preferred shares. Santander Investment, Credit Suisse, BofA Merrill Lynch and UBS Investment Bank are the lead underwriters on the deal. No pricing terms were disclosed.
