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Brazilian e-commerce platform Infracommerce launches $360 mln IPO

By Reuters Staff 2 Min Read SAO PAULO, April 8 (Reuters) - Brazilian e-commerce platform Infracommerce plans to raise roughly 2 billion reais ($359 million) in an initial public offering set to be priced later this month, it said in a securities filing. A provider of technology, marketing, logistics and payments for brands interested in selling online, with a similar business model as Canadian peer Shopify Inc - Infracommerce has seen a boom in demand for its services amid COVID-19 lockdowns. It operates in Mexico, Colombia, Chile and Argentina, besides Brazil. The offering amount considers the mid-point of the price range set for the offering, between 22 reais and 28 reais, and does not include overallotments. The price will be set on April 27.

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