With IPO below expectations, Getninjas debuts on the stock e

With IPO below expectations, Getninjas debuts on the stock exchange on Monday


RIO DE JANEIRO, BRAZIL - The digital platform for freelance professionals GetNinjas will debut on the Bovespa trading floor next Monday, after having completed its initial stock offering (IPO), in an operation that handled around R$555 (US$105.2) million.
The operation was priced at R$20 per share, below the indicative range defined by the coordinators, which ranged from R$24.90 to R$33.50 per share.
The company's shareholders, which included Saint-Gobain, Tiger Global, Monashees and KV GN Holdings, and entrepreneurs Evan Feinberg and Eduardo Orlando L'Hotellier, sold the equivalent of R$233 million . . .
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