Intelbras SA Completes $210 Million Brazilian IPO

February 05, 2021

São Paulo, Brazil – Paul Hastings LLP, a leading global law firm, represented Intelbras SA, a prominent Brazilian retailer of electrical telecom components, in its approximately $210 million (1.13 billion Brazilian reais) initial public offering of shares on the Brazilian B3 exchange, which settled on February 5, 2021. The IPO was open to international investors through a private placement under Rule 144A / Regulation S.

Intelbras priced the shares at 15.75 each and raised 724.5 million Brazilian reais in the primary offering. The remaining 409.5 million Brazilian reais will go to the selling shareholders. The funds will be used for acquisitions, expand its industrial capacity, expand software and hardware solutions and expand retail channels.

The Brazilian underwriters and international placement agents included BTG Pactual, Citi, Itaú BBA and Santander Brasil.

Partner David Flechner led the Paul Hastings team, which also included associates Filipe Lima and Thomas Ayres in Sao Paulo, with support from partner David Makso and associate Rob Wilson in New York.

At Paul Hastings, our purpose is clear — to help our clients and people navigate new paths to growth. With a strong presence throughout Asia, Europe, Latin America, and the U.S., Paul Hastings is recognized as one of the world’s most innovative global law firms.