Brazil Card Network Elo Lines Up US Listing to Raise US$500 Million

Key Facts —The mandate: Brazilian card-network Elo has hired Bank of America, UBS BB and Bradesco to coordinate an initial public offering in the United States, planned for the second half of 2026, according to people with direct knowledge who spoke to Bloomberg News on May 11. —The math: Target valuation is roughly US$4 billion […] The post Brazil Card Network Elo Lines Up US Listing to Raise US$500 Million appeared first on The Rio Times .

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