Neon spies IPO after next fundraising round

Neon spies IPO after next fundraising round

Corporate & Sovereign Strategy Equity M&A Brazil Spain Capital Markets

Brazilian digital lender Neon could consider an initial public offering (IPO) after its next financing round with venture capital firms, executive managing partner Jean Sigrist told LatinFinance on Monday. "One step at a time," Sigrist said. "But our business is very capital intensive. So far, we have managed to cover our needs with venture capital, but it may be possible that an IPO is a more efficient manner to tap global capital markets." Neon raised $300 million in a Series D financing round

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