Intelbras action fires on debut day on the stock exchange

 Intelbras action fires on debut day on the stock market

The company, which manufactures cameras and electronic security and communication system, raised R $ 1.3 million in its initial public offering




The shares of Santa Catarina Intelbras debuted today on B3, the Brazilian stock market, and are operating at a robust increase. At 11:17 am, common stock were up 17.14%, trading at R $ 18.45.


The company, which makes cameras and electronic security and communication system, raised R $ 1.3 million in its initial public offering.



Of the quantity, 55.5% goes to the company's cash and will be used for acquisitions, increased production capacity, expansion of teams and investments in information technology.



Intelbras had net operating revenue of R $ 1.46 billion from January to September 2020, a rise of 20.2% compared to an equivalent period in 2019.

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