Santa Catarina-based Unifique – Brazil’s seventh largest ISP in terms of subscribers – has reportedly filed an initial public offering (IPO) request with the Securities and Exchange Commission of Brazil (Comissao de Valores Mobiliarios, CVM). According to Forbes Brasil, the IPO coordinators will be XP, BTG Pactual and Itau BBA. According to the preliminary prospectus, Unifique seeks to raise new funds to finance its organic growth, as well as bankrolling strategic acquisitions in the southern region of the country.
TeleGeography notes that Unifique is the latest mid-sized Brazilian ISP to pursue an IPO. Last month it was reported that Brisanet Telecomunicacoes – Brazil’s sixth largest fixed line broadband provider – was planning an IPO, with the expectation of achieving a market value in the region of BRL5 billion (USD901.25 million). Previously, in August 2020 Sao Paulo-based Triple Play Brasil Participacoes (Conexao Fibra) filed an IPO request, only to withdraw from the process ahead of the 14 October listing date.