Brazilian Engineering Software Provider CI&T IPO Debuts on NYSE

Brazilian based CI&T, a global digital native specialist, and end-to-end digital transformation partner providing strategy, design and software engineering services to some of the world’s leading brands went public as $CINT on the NYSE closing up 20%

Brazilian based CI&T, a global digital native specialist, and end-to-end digital transformation partner providing strategy, design and software engineering services to some of the world’s leading brands went public as $CINT on the NYSE closing up 20%

 Businesswoman

 Brazilian based CI&T, a global digital native specialist, and end-to-end digital transformation partner providing strategy, design and software engineering services to some of the world’s leading brands went public as $CINT on the NYSE closing up 20%.

The shares began trading on the New York Stock Exchange on November 10, 2021, under the ticker symbol “CINT”

$CINT launched an initial public offering of 13,043,478 Class A common shares at a public offering price of US$15.00 per share. The offering consists of 11,111,111 Class A common shares offered by CI&T and 1,932,367 Class A common shares offered by certain selling shareholders, pursuant to a registration statement on Form F-1 filed with the U.S. Securities and Exchange Commission (“SEC”).

Day One For CINT

CINT First Day

The IPO priced at $15 each after cutting the expected price range to $15 to $17 a share from $17 to $19 apiece. Current shareholders sold another 1.93 million shares. CI&T shares opened at $17.55. The underwriters have the option to purchase up to an additional 1,956,522 Class A common shares, representing 15% of the base offering, from certain selling shareholders at the initial public offering price, less underwriting discounts and commissions. and the offering is expected to close on November 12, 2021, subject to customary closing conditions.

The offering was made through an underwriting group led by Goldman Sachs & Co. LLC and Citigroup, who are acting as global coordinators and lead bookrunners, J.P. Morgan and Morgan Stanley, who are acting as joint bookrunners and Itaú BBA, BofA Securities and Bradesco BBI, who are acting as passive bookrunners.

About CI&T

CI&T is a global digital specialist, a partner in end-to-end digital transformation for 50+ Large Enterprises & Fast Growth Clients. As digital natives, we bring a 26-year track record of accelerating business impact through complete and scalable digital solutions. With a global presence in 8 countries with a nearshore delivery model, CI&T is the Employer of Choice for 5,000 professionals in strategy, data science, design, and engineering, unlocking top-line growth, improving customer experience and driving operational efficiency. 

IPO Ahead W 11 5 2021

 Source: CI&T

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