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Brazilian online thrift shop Enjoei debuts in Brazilian Stock Exchange on Monday, after turning BRL 1.1 billion in IPO

The operation was priced at BRL 10.25 ($1.89) per share, the minimum amount of the range estimated by the coordinators

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  • The company will be traded under the code ENJU3;
  • Enjoei will be listed on Brazilian B3.

Brazilian collaborative e-commerce portal Enjoei will debut on the São Paulo stock exchange next Monday after moving BRL 1.1 billion in IPO.

The operation was priced at BRL 10.25 ($1.89) per share, the minimum amount of the range estimated by the coordinators, which maximum was BRL 13.75 ($2.51), according to information from the Securities and Exchange Commission (CVM, in Portuguese). The company will be traded under the code ENJU3.

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The company was created in 2009 by the Tiê Lima and Ana Luiza McLaren as a kind of online thrift shop. It may use the BRL 618.8 million of the primary offer to expand the product. Besides, Enjoei partners also sold BRL 515.9 million in the company.

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The firm received an investment in 2013 from the Brazilian venture capital fund Monashees and the North American Bessemer Venture Partners in the following year.

(Translated by LABS)