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Brazilian retailer Privalia suspends IPO due to market volatility

SAO PAULO, July 21 (Reuters) - Brazilian online retailer Privalia on Wednesday said it has decided to suspend a planned initial public offering citing adverse market conditions, according to a securities filing.

Earlier this month, Privalia had unveiled plans to raise 1 billion reais ($190.18 million) in the IPO. nL1N2OO2W1

Last week, cement company Intercement Brasil also canceled its IPO pricing due to market volatility. Its shareholders were planning to raise roughly $1 billion.

($1 = 5.2581 reais) (Reporting by Carolina Mandl)