Shares in Brazil’s Banco Inter rally ahead of follow-on equity offering

Shares in Brazil’s Banco Inter rally ahead of follow-on equity offering

Capital Markets Equity Brazil

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 ha

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