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Brazil logistics company Sequoia raises $179 mln in IPO - sources

SAO PAULO, Oct 5 (Reuters) - Brazilian logistics company Sequoia Solucoes Logisticas raised 1 billion reais ($179.39 million) in an initial public offering priced on Monday, according to two people familiar with the matter.

The company priced its shares at 12.40 reais each, bellow the bottom of its price range, which was set at between 14.25 reais and 17.75 reais. ($1 = 5.5745 reais) (Reporting by Carolina Mandl)