|Bid||48.18 x N/A|
|Ask||48.30 x N/A|
|Day's Range||0.00 - 0.00|
|52 Week Range|
|Beta (5Y Monthly)||1.12|
|PE Ratio (TTM)||6,037.50|
|Earnings Date||Aug. 11, 2021 - Aug. 16, 2021|
|Forward Dividend & Yield||0.08 (0.16%)|
|Ex-Dividend Date||Jul. 23, 2021|
|1y Target Est||N/A|
Brazilian digital bank Banco Inter has hired banks to manage a listing in the United States, it said in a securities filing, sending its shares higher on Thursday. According to Banco Inter, it has hired Bank of America, Bradesco BBI, J.P. Morgan and Itau BBA to manage the listing. The lender, which is backed by Japan's SoftBank Group Corp , also said that studies regarding its corporate reorganization were concluded and approved by its board.
Brazil's Banco Inter announced a corporate reorganization that will result in the listing of its shares in the United States and trading of Brazilian Depositary Receipts in Sao Paulo. In a securities filing on Thursday, Brazil's Banco Inter said all of its shares will be incorporated by Inter Holding Financeira, adding its current shareholders will receive preferred shares issued by that vehicle.
SoftBank-backed digital lender Banco Inter SA and payments company StoneCo Ltd are in preliminary talks to expand a current partnership agreement, including a potential merger, one source familiar with the matter said. StoneCo acquired a 4.99% stake in Banco Inter in June, as part of a strategy of attracting the bank's clients to its payments services. The talks are the latest sign of stepped-up dealmaking involving a new breed of financial companies that have emerged as rivals to Brazil's once-dominant traditional lenders.