Brazil-based Grupo SBF, which operates sporting goods retail chain Centauro, has completed its initial public offering on the Novo Mercado segment of the Brazilian B3 stock exchange. The offering, inclusive of the greenshoe option, consisted of 62 million primary shares sold for BRL12.50 (approximately USD3.22) per share, generating gross proceeds of BRL722 million (USD186 million). SBF is backed by Brazil-focused alternative asset manager GP Investments, which originally invested USD150 million in the company in 2012 through GP Capital Partners V and will hold a 25 percent stake following the offering.