Management software producer Senior Sistemas applied for registration to carry out an initial public offering (IPO), defying the adverse moment that led dozens of Brazilian companies in recent months to suspend plans to raise funds in the market.
The company, based in Blumenau (SC), intends to use the proceeds from the sale of new shares to invest in organic expansion and acquisitions, according to the draft of the preliminary prospectus of the offer made available by the Securities and Exchange Commission (CVM).
The offer will be coordinated by Itaú BBA (lead coordinator), BTG Pactual, Morgan Stanley and Santander Brasil. Current shareholders of the company, whose names were not disclosed, will sell a stake in the business.
Currently with about 2,000 employees, the company created in 1988 has accelerated expansion in recent years through 25 acquisitions or investments in startups.
In 2021, it had net revenue of BRL 582.5 million, up 41.2% over the previous year, while Ebitda increased by 18.9% in the period, to BRL 162 million.
Despite the record volume of funds raised by Brazilian companies in IPOs in 2021, the country also had dozens of companies suspending plans to debut on B3 due to worsening market conditions.
Source: CNN Brasil
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