Brazilian payments network Elo picks banks for IPO – sources

brazilian payments network elo picks banks for ipo sources

Sumary of Brazilian payments network Elo picks banks for IPO – sources:

  • Article content SAO PAULO — Brazilian payments firm Elo has chosen six banks to manage its initial public offering, four sources close to the matter said, in the first concrete sign it is proceeding with a move first proposed by shareholders in August..
  • The payments network – launched a decade ago to compete with Visa Inc and Mastercard Inc – is planning an IPO on Nasdaq, the sources said, following recent successful listings by Brazilian financial services firms such as XP Inc and StoneCo Ltd..
  • Co as the main underwriters, along with the investment banking units of its owners Banco Bradesco SA , Banco do Brasil SA and Caixa Economica Federal..
  • Bradesco, Banco do Brasil and Caixa intend to sell only a part of their holdings in the offering, the sources said..
  • Article content The company, with 132 million credit and debit cards outstanding, also needs to increase its acceptance abroad, mainly in Europe and in countries such as Mexico and Canada…

Want to know more click here go to source.

From -
Generic selectors
Exact matches only
Search in title
Search in content
Search in posts
Search in pages

Site Language

By continuing to use the site, you agree to the use of cookies. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.