CAMPINAS, Brazil--(BUSINESS WIRE)--CI&T Inc, a global digital native specialist and end-to-end digital transformation partner providing strategy, design and software engineering services to some of the world’s leading brands, today announced the launch of its initial public offering. The offering consists of 11,111,111 Class A common shares offered by CI&T and 8,333,333 Class A common shares offered by certain selling shareholders, pursuant to a registration statement on Form F-1 filed with the U.S. Securities and Exchange Commission (“SEC”). In connection with the offering, the selling shareholders expect to grant the underwriters a 30-day option to purchase up to an additional 2,916,667 Class A common shares, representing 15% of the base offering at the initial public offering price, less underwriting discounts and commissions.
The estimated initial public offering price range for the offering is between US$17.00 and US$19.00 per Class A common share. CI&T intends to list its Class A common shares on the New York Stock Exchange under the ticker symbol “CINT.” The offering is subject to market conditions, and there can be no assurance as to whether, or when, the offering will be completed or as to the actual size or terms of the offering.
CI&T intends to use the net proceeds from the offering to carry out future strategic acquisitions, fund working capital, finance capital expenditures and investments, as well as for general corporate purposes. CI&T...
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