Brazil's Netshoes picks banks for New York IPO

Brazil's Netshoes picks banks for New York IPO

Brazil Equity

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.