The delisting of Banco Inter from Brazil’s B3 stock exchange – and the downgrading of Nubank’s Brazilian depositary receipt (BDR) programme – will further frustrate the local exchange’s efforts to attract future fintech IPOs.
That’s the opinion of analysts and equity capital market bankers active in Latin America’s digital banking and fintech industry.
Other large Brazilian financial technology companies, such as PagSeguro, Stone and XP Inc, have simply gone direct to US exchanges.
In June, Banco Inter delisted from the Bovespa and switched to the Nasdaq.
Access intelligence that drives action
To unlock this research, enter your email to log in or enquire about access
