July 22, 2019 |
Banco Inter plans to sell 26m common shares and 52m preferred shares in an upcoming offering in São Paulo, the bank said.
The digital bank may increase the offer by 20% depending on demand, it added. It wouldn't provide a date for the offering. The bank is expected to raise BRL1bn ($267m). Banco Inter said investors have until July 25 to reserve shares.
The Belo-Horizonte-based lender will use the proceeds to “increase loan operations, invest in technology and new products, and engage in busine
Brazilian bank to sell 78m shares in follow-on offering to raise cash for M&A, expansion