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Brazil's TradersClub shares rose 32.6% in 1st session on São Paulo's B3 Stock Exchange

Brazil's TradersClub shares rose 32.6% in 1st session on São Paulo's B3 Stock Exchange
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ModalMais, Infracommerce start up IPOs


ModalMais, Infracommerce start up IPOs
ModalMais, Infracommerce start up IPOs
April 12, 2021
Brazilian digital bank aims to raise $265 mln in its market debut as São Paulo-based e-commerce platform goes for $350 mln
EquityIPOCapital MarketsBrazil
Modalmais, the digital division of Brazilian investment bank Banco Modal, is set to move as much as BRL1.5 billion ($265 million) in an upcoming initial public offering (IPO), while e-commerce company Infracommerce could get around BRL2 billion in its own market debut, according to preliminary prospectuses filed with securities regulator CVM.
Modalmais plans to sell 51.1 million units for BRL24.30 to BRL32.82 each in its IPO, but it could increase the size of the offer by 17.9 million units to m ....

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