September 9, 2019
Brazil's Sinqia stands to earn up to BRL445m ($110m) from a planned follow-on offering, based on the software company's closing share price on Friday.
Sinqia said in a securities filing that the board approved the initial sale of 4.5m shares, but it added that the underwriters, BTG Pactual and Credit Suisse, could increase the size of the deal by 35%, or 1.58m shares.
The offer is open to Sinqia's shareholders and professional investors in Brazil and institutional investors in the United States,
Software company could earn $110m from a restricted offering in Brazil and the United States