ClearSale Debuts as a Public Company on Brazil’s B3 Exchange, Raises $254 Million

ClearSale Debuts as a Public Company on Brazil’s B3 Exchange, Raises $254 Million

September 16, 2021

Antifraud technology provider ClearSale raised $254 million when it made its debut as a public company on Brazil’s B3 stock exchange on July 30. The company said the IPO comes at a time when the entire e-commerce industry and the ecosystem around it are experiencing gains related to growth during Covid lockdowns. ClearSale, itself, saw 65 percent growth in net revenue over 2020 and said the success of its IPO indicates growth will continue.

“The IPO was the path we chose to expand the business and follow our mission to promote consumer confidence in the digital ecosystem,” ClearSale CEO Bernardo Lustosa said during the IPO. “Investor confidence in our team, culture, solutions and future plans are now added to the reliability that our clients have already placed in the company over the past two decades to ensure their safety and maintain focus on the consumer.”

The company, which was founded in Brazil but is now headquartered in Miami, said it will dedicate half of the money raised during the offering to “organic growth” and 30 percent to acquisitions. It will dedicate 20 percent of the IPO proceeds to internal R&D.

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