WDC Networks goes public on B3

Technology company recorded a capital increase of around R$ 450 million
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26-07-21-canal-solar-WDC Networks abre capital na B3

WDC Networks, which provides information and communication technology solutions to customers in Brazil, Panama, Colombia and the United States, announced that it concluded, last Friday (23), its initial public offering ( IPO) on B3.

The company, which focuses on the solar energy segment, recorded a capital increase of around R$ 450 million, through the issue of 19.4 million shares, at the price of R$ 23.20. 

With the operation, its new share capital becomes R$ 311.7 million, divided into 64,191,861 ordinary shares. The funds raised will be used in investments to purchase equipment for rental and potential acquisitions of companies. 

The offer was coordinated by banks BTG Pactual (Lead Coordinator), Bradesco BBI, Itaú BBA and Citi. “We are very happy with the listing of yet another technology company on our Stock Exchange. This shows that the sector sees B3 and the capital market as important enablers to finance the expansion of its activities”, said Rodrigo Nardoni, vice president of Technology and Cybersecurity at B3.

“The IPO is a journey of knowledge for the company itself. I'm sure we'll do well in the market. We already do it and we don't need to change. We will continue doing what we have always done, work hard, plan and execute”, commented Vanderlei Rigatieri, CEO of WDC.

Picture of Mateus Badra
Matthew Badra
Journalist graduated from PUC-Campinas. He worked as a producer, reporter and presenter on TV Bandeirantes and Metro Jornal. Has been following the Brazilian electricity sector since 2020.

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