Brazil's Infracommerce raises $81.2 mln in share offering (updated)

Banco Santander Brasil SA

15/12/2023 13:34

(Adds details on offering in paragraphs 3-5)
       SAO PAULO, Dec 15 (Reuters) - Brazil's e-commerce
platform Infracommerce  IFCM3.SA  said on Friday it raised 400
million reais ($81.22 million) in a share offering aimed at
strengthening its capital structure and raising money to pay for
recent acquisitions.
    The offering was priced at 1.60 reais per share,
Infracommerce said in a securities filing, which implies a 5.3%
discount over the firm's Thursday closing of 1.69 reais per
share. 
    Infracommerce, which sells technological systems to
e-commerce firms, sold 250 million shares in the offering,
including a 33.33% overallotment as demand was larger than the
187.5 million shares initially offered.
        Investors including investment firms Patria  PAX.O  and
Compass Group participated in the offering, according to
Infracommerce. 
  
        Itau BBA, Santander Brasil, UBS BB, BTG Pactual and ABC
Brasil were the banks running the deal.
  
    ($1 = 4.9246 reais)

 (Reporting by Andre Romani and Gabriel Araujo; editing by Jason
Neely and Paul Simao)
 ((Gabriel.Araujo2@thomsonreuters.com; +55 11 5047-3352;))