Vinícius Andrade, Bloomberg News A monitor displays Coinbase signage during the company s initial public offering (IPO) at the Nasdaq MarketSite in New York, U.S., on Wednesday, April 14, 2021. Coinbase Global Inc., the largest U.S. cryptocurrency exchange, is set to debut on Wednesday through a direct listing, an alternative to a traditional initial public offering that has only been deployed a handful of times. Photographer: Michael Nagle/Bloomberg , Bloomberg
(Bloomberg) A Brazilian money management firm focused on cryptocurrencies said it raised about $26 million of new funding from investors including SoftBank Group Corp. and Coinbase Global Inc.
Hashdex Gestora de Recursos Ltda said a bulk of the funds came from venture capital firm Valor Capital Group, with SoftBank and Coinbase Ventures, an arm of the U.S.âs biggest cryptocurrency exchange, also participating. Others included Brazilâs Igah Ventures, Globo Ve
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.
Brazilian e-commerce platform Infracommerce launches $360 mln IPO msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.
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