ClearSale’s IPO tops the expected range at $25 per share – poca Negocios

ClearSale's IPO tops the expected range at $25 per share - poca Negocios

(Photo: Amanda Perobelli/Reuters)

According to a report by the Brazilian Securities and Exchange on Wednesday, the initial offering (IPO) of shares of the digital provider of anti-fraud solutions Clear Sale came out at 25 reis per share, on top of the range estimated by the coordinators. Commission (CVM). Offer increased 1.3 billionrea

With the sale of 31,806,250 new shares alone, the company raised RUS 795.2 million, the resources the company will use to finance its organic growth and acquisitions.

In an offer coordinated by Itau BBA, Bank of America, BTG Pactual and Santander, the company’s existing shareholders, including its founder and president, former Olympic athlete Pedro Chiamulera, sold a 510 million reais stake in the deal.

The company is expected to debut on the trading floor of B3 trading under the CLSA3 ticker on Friday.

Established in 2001, Clear Sale specializes in authentication of payments for online purchases made with credit cards and online identity authentication. The company also benefits from the implementation of PIX, an instant payment system in Brazil, for which it created an anti-fraud platform.

Clear Sell says it had more than 4,800 active customers in more than 160 countries at the end of March, from units in Brazil, Mexico and the United States.

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About the author: Sarah Gracie

Sarahis a reporter covering Amazon. She previously covered tech and transportation, and she broke stories on Uber's finances, self-driving car program, and cultural crisis. Before that, she covered cybersecurity in finance. Sarah's work has appeared in The Wall Street Journal, Bloomberg, Politico, and the Houston Chronicle.

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