Ci&T has filed for an IPO, with reports suggesting the Brazilian IT service provider will be listed on the New York Stock Exchange by the end of this month.
CI&T Inc, a technology company based in Brazil, is launching nearly 20 million shares on the stock exchange with the aim of raising approximately 400 million dollars. It will trade under the ticker symbol CINT.
In a press release, the Brazilian company said its shares will be offered at an IPO price of between $ 17 and $ 19.
Much of this money will be used to fund future acquisitions, which the company deems necessary to expand its geographic footprint and acquire skilled IT talent.
Founded in Campinas over 26 years ago, Ci&T is one of the few nearshore IT companies with delivery centers in mainland China. In addition, she maintains offices in the United States, Canada, United Kingdom, Portugal, Japan and Australia.
“While focusing on expanding our business in North America and Europe, we believe that our deep roots in Latin America, particularly Brazil, benefit our growth strategy given the massive size of the region. and increased demand for digital transformation services, ”the company said in a prospectus. filed with the US market regulator (SEC).
With more than 5,000 employees, CiNT counts among its customers HP, Itau, Bradesco, ABInbev, Johnson & Johnson, Vivo, Porto Seguro and Google.