Cruzeiro do Sul Educacional S.A. will look for mergers and acquisitions. Cruzeiro do Sul Educacional S.A. plans to raise between BRL 1.20 billion (€271.11 million, $312.71 million) and BRL 1.50 billion in its IPO that is set for the end of 2020. An IPO request was submitted to the securities and exchange commission CVM on 7 October 2020. Those funds correspond to a primary offer and will be used for mergers, acquisitions and to promote organic growth. The group will also conduct a secondary offer.