Getnet shares surge on first day

Getnet shares surge on first day

Equity Capital Markets Technology Digital Payments Brazil Spain United States

Shares in Getnet, a merchant payments platform owned by Santander's branch in Brazil, surged close to 64% on Monday, their first day of trading on the B3 stock market in São Paulo. Santander said earlier this month that it planned to list shares in Getnet on the B3 on October 18 and on the Nasdaq in New York on October 22. The shares opened at BRL6.00 ($1.09) on Monday and rose as high as BRL9.28 before closing at BRL7.72, a rise of 63.6% for the day. The bank spun off Getnet as part of its plan

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