IFood’s controlling shareholder Movile says there are no short-term plans for IPO

Despite recurring denials by top executives, there has been strong speculation that IFood would become a public company and conduct an IPO.

SÃO PAULO, BRAZIL – At the beginning of March, giants Nubank, Mercado Pago and Google teamed up with five other companies in the financial market (Creditas, Banco Inter, Grupo Movile, Hash and Iugu) to announce the creation of Zetta, a new association which hopes to innovate the financial sector and digitize the economy. The news of the association rekindled rumors of a possible IPO by one of the group’s most prominent members: the Movile group.

For the past few months, despite recurring denials by its top executives there has been strong speculation that IFood or even the entire Movile . . .

To read the full NEWS and much more, Subscribe to our Premium Membership Plan. Already Subscribed?