LINX S.A. IPO – What you need to know

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LINX S.A. cloud-based technology company, filed for an IPO with NASDAQ under the symbol “LINX”.

LINX S.A. Linx S.A. intends to raise $254 million in a U.S. IPO. offering 29.3 million shares at a price range of $8.68 – $8.68.

Central Bank of Brazil, Morgan Stanley Goldman Sachs, Morgan Stanley, Jefferies, BofA Merrill Lynch, Itaú BBA. The IPO is expected to price on June 26, 2019.

The Business

We are a leading cloud-based technology company in Latin America and a market leader in Brazil in terms of revenue. We are focused on developing and providing affordable, easy-to-use, reliable and seamlessly integrated software solutions to retailers in Latin America, through our software-as-a-service, or SaaS, business model. During 2018, our subscription revenue accounted for 86.8%, or R$680.8 m.

Linx has developed an integrated software platform for retailers of all sizes that offers business management tools, payment solutions, e-commerce as well as omni-channel applications, including mobility, customer relationship management, enterprise resource planning, receipt and payment processing, and connectivity solutions, among others.

The IPO is expected to trade on NASDAQ on June 26, 2019

Featured photo credit to internet