Desktop IPO share price established

21 Jul 2021

Brazilian ISP Desktop Sigmanet, which will launch its initial public offering (IPO) later today (21 July), has priced its shares at BRL23.50 (USD4.5). The previously disclosed indicative price range was BRL23.00-BRL28.00. If all 30.4 million shares are sold the IPO stands to generate around BRL715 million for the regional telco. The IPO is being coordinated by Itau BBA, UBS BB, BTG Pactual and Bradesco BBI.

Brazil, Desktop Sigmanet