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Brazil’s TradersClub raises US$117 million in IPO and plans acquisitions

RIO DE JANEIRO, BRAZIL - TC (TRAD3) social platform for investors, formerly known as TradersClub, listed its initial public offering (IPO) on Monday, July 26, at R$9.50 (US$1.84) per share, two sources close to the deal said. Indicative price ranged from R$9.00 to R$11.25.

The listing marks the culmination of the platform's meteoric rise from an investor community that reflects the fast development of the Brazilian stock market . . .

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