Brazilian Beauty Startup Targets IPO

Brazilian Beauty Startup Targets IPO

Brazil Equity

Intercosmetic Holding, a shell company founded last year to make investments in Brazil’s health and beauty sector, has started the registration process to become a public company, and plans to raise funds privately before en eventual public listing. It is targeting consolidation in the beauty salon industry through acquisitions and organic growth. “This type of chain doesn’t exist in Brazil,” says Alexandre Azambuja, VP and IR director, noting that Brazil has the fourth largest cosmetic market i

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