Brazilian Zenvia priced at US$13 per share in Nasdaq IPO

Multi-channel enterprise service and communication software provider Zenvia on Thursday, July 22, debuts on Nasdaq.

RIO DE JANEIRO, BRAZIL - Zenvia has priced its initial offering (IPO) on Nasdaq at US$13 per share, at the bottom of the indicative range, which was up to US$15.

Demand was around four times oversubscribed, according to a source. The company raised US$150 million with investors in the initial public offering and thereby secures another US$50 million in a private placement.

American Twilio is the anchor, but had conditioned its contribution to the execution of the offering with the minimum amount defined by the range floor. This way, Zenvia raises US$200 million.

Founded by Rio . . .

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