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ClearSale (CLSA3) stock closed with a solid 14% increase in its debut on the stock exchange

ClearSale (CLSA3) stock closed with a solid 14% increase in its debut on the stock exchange

ClearSale (Photo: Disclosure)

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.

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