Business

Brazilian tech companies lead fundraising on the stock market in 2021

In the last four months, tech companies have led fundraising at B3 with IPOs and share sales, raising over BRL 10.5 billion

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These are good times for Brazilian technology companies: in the last four months, startups and consolidated companies in the segment have led fundraising at B3 with initial public offerings (IPOs) and share sales, raising over BRL 10.5 billion, according to a report published by Exame.

The amount was reached in initial public offerings by startups and companies such as Bemobi, Mobly and Intelbras, and in a follow-on offering of Locaweb.

According to the report, the value is more than double of that achieved by all tech companies in the history of the Brazilian stock market. To get an idea of the market’s momentum, in 2021 the value raised by tech companies via IPOs until now was BRL 5.5 billion, 55% higher than that captured in the whole year in 2020.

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In general, the demand for IPOs are on the rise in Brazil: so far in 2021, there have already been 13 debut on the Bovespa in IPOs that handled BRL 19.2 billion.

Currently, there are 37 operations under analysis at CVM and dozens of other companies intending to follow the same path, stimulated by interest rates of at least 2% per year, the forecast of specialists is that the IPOs of 2021 will easily exceed BRL 45.3 billion raised in 27 such operations last year, the record since 2007.