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Brazil's Netshoes picks banks for New York IPO

Mar 20, 2017

The Brazilian e-commerce firm files preliminary documents for a potential $100m equity offering

Aaron Weinman

Keywords: Netshoes Brazil

Netshoes has hired Bradesco, Goldman Sachs, Jefferies and JPMorgan to coordinate a possible IPO, sources told LatinFinance.

The Brazilian e-commerce company has filed preliminary documentation for an equity offering on the New York Stock Exchange (NYSE). Sources said the firm could raise at least $100m from the IPO.

Netshoes, with operations in Brazil, Argentina and Mexico, recorded more than $500m in sales last year, it said a securities filing.

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