Inter&Co lists in US following the migration of its
shares from Brazil's B3
exchange
BELO
HORIZONTE, Brazil, June 23,
2022 /PRNewswire/ -- Inter&Co (NASDAQ:
INTR), a leading Super App offering financial and non-financial
services to more than 20 million customers in Brazil and US, announced today the listing of
its Class A Common Shares on Nasdaq, following the migration of its
shares from Brazil's B3 exchange.
Inter expects to commence trading as a Nasdaq-listed company upon
market open on June 23, 2022 under the ticker symbol
"INTR".
"We are excited to be listed on Nasdaq as it marks the next
chapter of the journey that began in Brazil in 2015 when we started a banking
revolution, seeking to deliver user-friendly products to
underserved customers. We are proud of our technology, our team and
our achievement of surpassing 20 million customers, but this is
only the beginning. We believe the best is yet to come. As
Inter&Co becomes a fully listed U.S. company, we will gain
access to the largest capital market in the world, remaining
focused on further strengthening our market and financial
positioning while delivering profitable growth," commented João
Vitor Menin, Inter&Co's CEO.
"Inter is already offering Brazilians domiciled in US or
Brazilians traveling abroad a global account in US dollars,
following the acquisition earlier this year of fintech company
USEND. Clients also have access to a competitive cross-border
payments solution that meets the needs of an underserved immigrant
population. Our mission continues to be focused on simplifying
people's lives through technology, with the best and most
innovative products and solutions whether in digital banking,
credit cards, insurance, investments, cross-border services, and
shopping online, all under one single Super App," added Menin.
Inter&Co shares will continue to trade in Brazil as a Brazilian Depositary receipt
listed on B3 under the ticker "INBR31", backed by the Class A
Common Shares listed on Nasdaq.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy nor shall there be any sale of
these securities in any state or jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or
jurisdiction.
About
Inter&Co
Inter&Co is the holding company of Inter Group and
indirectly holds all of Banco Inter's shares. Inter&Co evolved
from a digital bank to a Super App that simplifies people's lives,
where everything is integrated in a single app. Inter offers a
complete range of services in banking, investments, credit,
insurance and cross-border services, in addition to a marketplace
that brings together the best retailers in Brazil and the
United States. The company reached 20 million customers in
May 2022, and has around 3 million
active customers at Inter Shop, surpassing R$ 3.9 billion in Gross Merchandise Value (GMV)
as of the last twelve months. As of March
31, 2022, Inter had an expanded credit portfolio of
R$19.8 billion, shareholders' equity
of R$8.5 billion, R$38.5 billion in total assets and nearly
R$60 billion in assets under custody
(AuC). Inter's customers already have the ability to trade shares
listed on US-based stock exchanges through its international
trading platform hosted within the Super App. More than 50,000
accounts have been opened since the launch.
Contacts:
Grayling
Lucia Domville / Fabiane
Goldstein M +1 646 824.2856/ +1 954 625.4793
Lucia.Domville@grayling.com / Fabiane.Goldstein@grayling.com
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SOURCE Inter&Co