Zenvia Inc, a communication platform provider in Brazil, has filed Amendment No 2 to Form F-1 Registration Statement on May 6, 2021 with the U.S. Securities and Exchange Commission to announce terms for its IPO.
The company plans to raise $213 million by offering 12.9 million shares at a price range of $15.50 to $17.50. Assuming a successful IPO at the midpoint of the proposed price, the company expects a market capitalization of $607 billion.
The company’s platform assists customers in several use cases, including marketing campaigns, customer acquisition, customer information nutrition, customer onboarding actions, warnings, customer services with or without automation, fraud control, cross-selling and customer retention, among others.
The São Paulo, Brazil-based company was founded in 2004 and booked $76 million in revenue for the 12 months ended December 31, 2020. It plans to list on the Nasdaq Capital Market under the symbol “ZENV.” Goldman Sachs, Morgan Stanley, Itau BBA, UBS Investment Bank, Bradesco BBI and XP Investimentos are underwriters of the IPO.
The company engages Simpson Thacher & Bartlett LLP as US Securities Counsel, and KPMG as Independent Auditor.
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