Brazil’s financial social media platform TradersClub seeks $565 million valuation in IPO -sources

SAO PAULO (Reuters) -Brazilian financial social media platform TradersClub is seeking a 3 billion real ($565.65 million) valuation in its initial public offering, two sources with knowledge of the matter said.

The company filed late on Wednesday for an IPO to raise around 700 million reais to fund expansion and potential acquisitions, the people added, asking for anonymity to disclose private discussions.

 

By Tatiana Bautzer via Yahoo Finance

 

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