Boa Vista shares (BOAS3) debuted at B3 in the session this Wednesday (30th) with gains. At 10:22 am (Brasília time), assets were up 5.98% to R $ 12.93.
The company’s initial public offering (IPO) was priced at R $ 12.20, with funding of R $ 2.17 billion.
Boa Vista is a credit information company, in addition to managing databases and transactions between companies, founded in 2010 by the Associação Comercial de São Paulo (ACSP).
In the same year, the Paraná Commercial Association, the Rio de Janeiro Tenant Directors Club and the Porto Alegre Tenant Directors Chamber purchased a 6.9% stake in the company’s share capital.
At the end of October of that year, TMG Capital, a private equity fund, bought a 25% stake, which was later raised to 30%, assuming leadership and management. In 2017, a system to minimize costs and share data with strategic partners was implemented.
In addition to Boa Vista, the market is explored in the country by the sector leader, Serasa Experian, and by Quod, whose partners are the five largest Brazilian banks.
The IPO process took place after the positive registration reform came into force in Brazil. Through it, everyone will be part of a unified credit history system – unless they require exclusion.
Boa Vista saw revenue increase between 2015 and 2019, with an average annual growth rate (CAGR) of 9%.
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