Gafisa Prices IPO

Gafisa SA, a Brazilian homebuilder, priced around 39.7 million American depository shares at $24.88 per share, for an IPO take of approximately $987 million. It already trades on the Soa Paulo exchange, and will begin trading today on the NYSE under ticker symbol GFA. Lynch, Banco Itau BBA and Citigroup served as co-lead underwriters. Shareholders include GP Investimentos and Equity International Properties.