July 8, 2019 |
Reports that Banco Inter’s has hired JPMorgan, BTG Pactual, Bradesco BBI, Goldman Sachs and Santander to manage its follow-on stock offering of BRL1bn ($262m) later this month has sparked a rally in the fintech lender’s stock.
Shares in the Belo Horizonte-based lender soared more than 9% in trading on Friday. This followed a gain of almost 8% on Thursday.
Inter is expected to use the funds to offer new services beyond its banking app and strike new growth partnerships.
Inter’s business has t
Shares in the digital lender climbed more than 9% on Friday