Dotz shelves IPO amid market concerns

Dotz shelves IPO amid market concerns

IPO Equity Corporate & Sovereign Strategy Capital Markets Brazil Technology Digital Payments Coronavirus

Brazilian loyalty program company Dotz postponed a planned initial public offering (IPO) on Thursday in a move that reflects the cautious mood of foreign investors in the local capital markets. Dotz, which also offers digital payments and other financial services, delayed its market debut by at least two months, although Ant Group, the payment affiliate of China's Alibaba, had agreed to buy at least a 5% stake and other firms, such as Softbank and Velt Parnters, had signed on as anchor investors

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