Business

Brazilian firm Infracommerce files for IPO and aims at acquisitions

Infracommerce also operates in Mexico, Colombia, Chile and Argentina but it plans to focus on Brazil as it sees the country as one of the fastest-growing e-commerce markets in the world

Logo from the Brazilian e-commerce solutions firm Infracommerce
Photo: Screenshot from Infracommerce's website
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  • Infracommerce, a Brazilian company that offers a digital commerce structure to companies of different sizes, has filed for IPO;
  • Infracommerce has clients in the likes of Ambev, Nike, Motorola and Unilever, and operations in Mexico, Colombia, Chile and Argentina – besides Brazil;
  • The company hit a net revenue of BRL 236 million in 2020, up 71% over the previous year;
  • Resources will be used for acquisitions, investments in organic growth and research and development.

The Brazilian e-commerce solutions firm Infracommerce made its filing for an IPO on Monday, showing how digital commerce has been one of the great drivers of companies’ race to the stock exchange in Brazil, prompted by the effects of the COVID-19 pandemic.

READ ALSO: IPOs are on the rise in Brazil thanks to historically low interest rates

Headquartered in São Paulo, the company that has venture capital funds Flybridge, e.Bricks and IGVentures among its partners creates a structure for digital commerce to companies of different sizes, including giants such as Ambev, Nike, Motorola and Unilever, with operations also in Mexico, Colombia, Chile and Argentina.

The company hit a net revenue of BRL 236 million in 2020, up 71% over the previous year and plans to use the resources from the sale of new stocks for acquisitions, investments in organic growth and research and development, in addition to paying debts.

READ ALSO: Brazil’s broker Modalmais files for IPO to finance acquisitions and expand credit

Despite the growing internationalization, Infracommerce states in the prospectus that it plans to focus on Brazil, which it sees as one of the fastest-growing e-commerce markets in the world.

At the end of 2020, the company had about 1,000 employees.

Translated by LABS

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