Totvs considers share sale

Totvs considers share sale

Equity Corporate & Sovereign Strategy Brazil

Brazil's Totvs has confirmed that it is studying a possible equity offering, following press reports that the software company could raise BL700m ($178m) to $1bn from the sale of shares. Totvs "has the intention to raise funds, including the possibility of a public share offering," the company said in a securities filing. The online publication Brazil Journal reported on May 2 that Totvs would sell shares to raise money for its new financial technology division. Totvs introduced its fintech busi

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