UPDATE 1-Brazil car rental Movida's IPO could fetch $368 mln

SAO PAULO, Jan 16 (Reuters) - Movida Participações SA has

set the price range for an initial public offering at between

8.90 and 11.30 reais per share in a deal that could help the

Brazilian car rental firm and a shareholder fetch as much as

1.184 billion reais ($368 million) from investors.

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