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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 . . .

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