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 ha
Shares in the digital lender climbed more than 9% on Friday