Brazil state-run oil giant Petrobras said Friday that it would increase the number of shares available in its massive stock offering to meet additional investor demand.
The company said it would increase the so-called greenshoe option to 20 percent of the original offer, up from 10 percent previously. Petrobras filed earlier this month to sell up to $64.5 billion of new stock — the largest in capital markets history.
© 2021 Thomson/Reuters. All rights reserved.