Banco Inter sizes share sale

Banco Inter sizes share sale

Equity Capital Markets Technology Digital Payments Brazil

Brazilian digital lender Banco Inter said it could raise as much as BRL5.5 billion ($1.09 billion) in an upcoming share sale, including an investment for BRL2.5 billion from local payments company StoneCo. Belo Horizonte-based Banco Inter said it plans to sell at least 47.5 million units, which would make the deal worth BRL2.75 billion, but it could double the size of the sale to 95.1 million units to meet demand. Each unit consists of one common share and two preferred shares. The bank priced t

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