Friday (30th) marks the debut of ClearSale stock (CLSA3), a credit and fraud prevention solutions company. CLSA3 shares jumped 14%, to 28.50 Brazilian reais, after rising by 21.40%, to 30.35 Brazilian reais, at the latest during the day.
The asset was priced at the top of the indicative range, at R$25 in an initial public offering (IPO).
The offer went to R$1.3 billion, and with 31,806,250 new shares sold, the company raised R$795.2 million. The proceeds will be used to fund its organic growth and acquisitions.
The show was coordinated by Itaú BBA (Primary Coordinator), Bank of America (BofA), BTG Pactual and Santander.
According to the initial prospectus for the public offering, ClearSale works primarily on two fronts to prevent fraud in the relationship of companies and people or companies with other companies: authentication of payments using credit card does not exist (CNP), i.e. fraud prevention analysis. Online purchase fraud, identity authentication (on board), i.e. a guarantee of authenticity for users.
Funds raised in the offering will be used for organic growth, open innovation (open innovation) and inorganic growth (mergers and acquisitions).
The company reported net income of R$13.8 million in the first quarter of 2021, reflecting a loss of R$7.9 million recorded in the same period last year. Earning before interest, tax, depreciation and amortization (Ebitda) was R$27.4 million, compared to a negative index of R$3.96 million in the first quarter of 2020.
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