RIO DE JANEIRO, BRAZIL – The digital platform for freelance professionals GetNinjas will debut on the Bovespa trading floor next Monday, after having completed its initial stock offering (IPO), in an operation that handled around R$555 (US$105.2) million.
The operation was priced at R$20 per share, below the indicative range defined by the coordinators, which ranged from R$24.90 to R$33.50 per share.
The company’s shareholders, which included Saint-Gobain, Tiger Global, Monashees and KV GN Holdings, and entrepreneurs Evan Feinberg and Eduardo Orlando L’Hotellier, sold the equivalent of R$233 million in the operation.
In addition, Getninjas raised R$321.3 million with the sale of new shares, funds that should be used to invest in marketing, hire people and strengthen the cash flow.
The company will be traded on Bovespa under the ticker NINJ3.