Brazilian Homebuilder Files for $774 Million IPO

Gafisa SA, a Brazilian homebuilder, has filed for a $774.31 million IPO. It plans to trade on the NYSE under ticker symbol GFA, with Merrill Lynch, Banco Itau BBA and Citigroup serving as co-lead underwriters. Gafisa already trades on the Sao Paulo Stock Exchange, and lists shareholders like GP Investimentos and Equity International Properties. www.gafisa.com.br