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Investor Alert

July 22, 2021, 6:22 a.m. EDT

Zenvia IPO prices at $13 a share, low end of proposed range

Zenvia Inc. (NAS:ZENV) , a Brazilian customer experience communications platform, said its initial public offering priced at $13 a share, the low end of a $13 to $15 price range. The company offered 11.5 million shares to raise $149.5 million. Concurrent with the offering, Twilio Inc. (NYS:TWLO) has agreed to buy 3..8 million Class A shares to be issued by Zenvia in a private placement. Goldman Sachs and Morgan Stanley led a syndicate of six banks underwriting the deal.

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