ClearSale shares rise more than 17% on debut at B3 stock exchange

The company managed to place its IPO at the upper end of the indicative price range and generate R$1.3 billion (US$254 million).

RIO DE JANEIRO, BRAZIL - ClearSale (CLSA3) shares shot up 17.2% on Friday, June 30, in its debut on the B3. At its initial public offering (IPO), the company priced the securities at the high end of the indicative price range at R$25, generating R$1.3 billion (US$254 million).

Today they are trading for a little less R$29 after shooting above the R$30 mark at the start of trading.

Around R$800 million flowed into the company's coffers, while the rest remained with shareholders who sold their stake in the offering. Of the total . . .

To read the full NEWS and much more, Subscribe to our Premium Membership Plan. Already Subscribed?