WDC Networks, which provides information and communication technology solutions to customers in Brazil, Panama, Colombia and the United States, announced that it completed its initial public offering (IPO) on B23 last Friday (3). The company, which focuses on the solar energy segment, recorded a capital increase of around R$450 million, through the issuance of 19,4 million shares, at a price of R$23,20.
With the operation, its new share capital now amounts to R$311 million, divided into 7 common 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.
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