May 6, 2019 |
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
Brazilian software company could raise $250m for its new fintech business