Brazil’s leading cement producer, Votorantim Cimentos SA, filed on Wednesday with the Securities and Exchange Commission (SEC) to raise up to US$5.4bn in an initial public offering of its units.

Votorantim will list shares in Brazil and American depositary receipts on the New York Stock Exchange, according to a US regulatory filing yesterday, pushing the total amount of pending IPOs in Brazil to US$12.7bn. The company did not disclose the number of units it planned to sell and their expected price range.

The amount of money a company says it plans to raise in its first IPO filing is a placeholder used to calculate registration fees. The final size of the IPO could be different.

Votorantim Cimentos’s IPO will probably take place in the second half of this year, people familiar with the matter said last month.