Shearman & Sterling represented the global coordinators in connection with the US$160 million initial public offering of Direcional Engenharia S.A. Direcional, one of the largest real estate development and construction companies in Brazil, focuses on large-scale residential housing for the low-income market.

The principal attorneys involved were partner Andrew Jánszky (São Paulo) and associates Claudio Oksenberg (São Paulo) and Felipe Camara (New York).