Brazil’s ClearSale prices shares at high end of range, raises US$260 million in IPO
RIO DE JANEIRO, BRAZIL – ClearSale, the São Paulo-based fraud detection company, set the price of its initial public offering (IPO) at R$25 per share, the upper end of the indicative range between R$20 and 25. The IPO thus raised R$1.3 billion (US$260 million), of which R$800 million went to the company’s coffers and the rest to shareholders who sold their stake in the offering.
The company plans to use 50% for organic growth, 20% for innovation projects, and the remaining 30% for potential acquisitions of the total amount raised in the offering.
From the technology sector, ClearSale is expected to make its debut at B3 on Friday, May 30. In the stock market, ClearSale comes as an option for those who like to invest in Brazilian e-commerce as a whole without exposure to a specific segment.
Clear Sale was founded in 2000 and specialized in anti-fraud solutions. It has offices in Miami, Florida, in the United States and São Paulo, Brazil, and over 1,000 employees.
ClearSale works with e-commerce companies to identify fraudulent transactions. Its fraud detection software combines machine learning with human interaction. ClearSale works with major brands, including Calvin Klein, Chanel, Ray-Ban, Sony, Staples, Inc., and Walmart.
Due to strong growth in e-commerce as a result of the pandemic, Clear Sale increased its net revenue by 65.7% to R$345.6 million in 2020. In 2019, revenue growth was 35.5%. Its EBITDA was R$71.4 million last year.
Clear Sale analyzes commercial transactions in 170 countries without borders in the digital environments, but 88.5% of its revenues still come from local transactions. However, its involvement abroad has increased. In 2020, net international revenues increased 132.7% to R$39.8 million, representing 11.5% of total revenues. In 2019, this share was 8.2%, and in 2018 it was 2.8%.
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| Instrument | Last | Change | YoY | Prev. | High | Low | Volume |
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| IBOV | 172,496.87 | +0.68% | +9.64% | 171,336.99 | 172,987 | 171,335 | — |
| USD/BRL | 5.56 | -0.34% | +5.22% | 5.58 | 5.59 | 5.55 | — |
| SELIC | 13.75% | — | — | — | — | — | |
| PETR4 | 44.19 | -1.69% | +33.19% | 44.95 | 44.19 | 43.30 | 30,582,800 |
| VALE3 | 64.63 | -0.26% | -0.60% | 64.80 | 65.47 | 64.40 | 4,308,100 |
| ITUB4 | 42.05 | +2.06% | +5.05% | 41.20 | 42.09 | 41.55 | 3,215,300 |
| BBDC4 | 14.64 | +0.69% | -24.83% | 14.54 | 14.82 | 14.54 | 11,971,600 |
| BBAS3 | 17.19 | +0.53% | -26.76% | 17.10 | 17.31 | 17.03 | 8,346,800 |
| B3SA3 | 14.84 | +2.49% | +9.61% | 14.48 | 14.92 | 14.59 | 10,194,000 |
| ABEV3 | 15.77 | -0.13% | +16.04% | 15.79 | 15.88 | 15.74 | 6,090,900 |
| WEGE3 | 51.47 | +1.02% | +11.82% | 50.95 | 51.61 | 50.95 | 2,967,700 |
| PRIO3 | 61.51 | +2.48% | +52.75% | 60.02 | 61.83 | 60.50 | 11,092,500 |
| SUZB3 | 54.43 | -0.06% | +17.04% | 54.46 | 54.64 | 54.06 | 1,499,100 |
| RENT3 | 30.76 | +3.26% | -28.90% | 29.79 | 30.76 | 29.93 | 2,353,000 |
| AZZA3 | 15.23 | +3.39% | -47.03% | 14.73 | 15.45 | 14.74 | 982,400 |
| CSNA3 | 4.46 | +1.83% | -46.45% | 4.38 | 4.50 | 4.40 | 4,621,400 |
| GGBR4 | 25.45 | -1.47% | +34.55% | 25.83 | 25.81 | 25.39 | 1,254,300 |
| ENEV3 | 27.52 | +1.74% | +42.77% | 27.05 | 27.66 | 27.05 | 560,200 |
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