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Mayer Brown and Tauil & Chequer Advogados advise underwriters on first fintech listed in Brazil

3 May 2018

Mayer Brown, with the support of Tauil & Chequer Advogados (T&C), in association with Mayer Brown, represented the underwriters led by Bradesco BBI, Citigroup, Morgan Stanley, BB Investimentos and Nomura on a US$208 million offering of preferred shares by Banco Inter S.A., a digital bank and one of the leaders in the modernization of the Brazilian banking industry. The preferred shares are listed in Brazil on the São Paulo Stock Exchange and were offered in Brazil and sold offshore with the offshore offering done pursuant to Rule 144A/Regulation S. The offering marks the first fintech to be listed in Brazil and the first retail bank IPO in the country in nearly a decade.

The team was led by Corporate & Securities partner David Bakst (New York), with the support of Corporate & Securities partners Carlos Motta, Caio Cossermelli and Paula Magalhães (all T&C/São Paulo) and included other lawyers from the firm’s Banking & Finance, Corporate & Securities and Tax Transactions & Consulting practices in Chicago, New York and São Paulo.

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