Brazilian e-commerce platform Infracommerce launches US$360 million IPO

A provider of technology, marketing, logistics, and payments for brands interested in selling online, with a similar business model as Canadian peer Shopify.

RIO DE JANEIRO, BRAZIL - Brazilian e-commerce platform Infracommerce plans to raise roughly R$2 billion (US$359 million) in an initial public offering set to be priced later this month, it said in a securities filing.

A provider of technology, marketing, logistics, and payments for brands interested in selling online, with a similar business model as Canadian peer Shopify - Infracommerce has seen a boom in demand for its services amid COVID-19 lockdowns. It operates in Mexico, Colombia, Chile, and Argentina, besides Brazil.

The offering amount considers the mid-point of the price range set for the offering, between . . .

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