Brazil IT firm Tivit resumes IPO plans

Brazil IT firm Tivit resumes IPO plans

Chamber Articles Category: Information Technology Post Date: 09/14/18 Source: Nasdaq By: Carolina Mandl
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SAO PAULO, Sept 13 (Reuters) - Brazilian information technology provider Tivit Terceirização de Processos, Serviços e Tecnologia SA has hired banks to resume plans for an initial public offering, two sources with knowledge of the matter told Reuters on Thursday.

Tivit, which is controlled by British buyout firm Apax Partners LLP, scrapped its IPO plans in September last year after investors viewed the company's proposed 4 billion real ($967.47 million) valuation as too high. Read Full Article