- According to the preliminary prospectus, Intelbras intends to use the resources to accelerate its growth through acquisitions, in addition to expanding production capacity in factories;
- The IPO is coordinated by BTG Pactual, Santander Brasil, Itaú BBI and Citigroup.
Brazilian electronics and energy firm Intelbras submitted to the Brazilian Securities and Exchange Commission (CVM) an application to carry out an initial public offering.
Founded in 1976, the Santa Catarina company manufactures and sells products and solutions in electronic security, access controls, networks, communication, energy and solar energy.
According to the preliminary prospectus, Intelbras intends to use the offer’s resources to accelerate its growth through acquisitions, in addition to expanding production capacity in factories in Manaus and Minas Gerais, as well as in its new unit in Santa Catarina, focused on energy products.
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In the first nine months of this year, the company’s net operating revenue accounted for 1.46 billion reais, representing an increase of 20.2% when compared to the same period of the previous year. Net income was 121.2 million reais in the period, an increase of 2.6% compared to the same stage of 2019.
The company’s electronic security unit represents about 53% of total revenue, with 777 million reais in the year. The communication division was responsible for 37% of revenue, while energy generated 9.7% of revenue.
The IPO is being coordinated by BTG Pactual, Santander Brasil, Itaú BBI and Citigroup.
Translated by LABS
