Zenvia (ZENV) IPO Opens 20% Lower

Today's IPO for Zenvia Inc. (NASDAQ: ZENV) opened for trading at $10.35 after pricing 11,538,461 Class A common shares at a public offering price of US$13.00 per share.

Goldman Sachs & Co. LLC, Morgan Stanley & Co. LLC, Banco Bradesco BBI S.A., Itau BBA USA Securities, Inc. and UBS Securities LLC are acting as global coordinators for the proposed Offering and XP Investments US, LLC is acting as joint bookrunner for the proposed Offering.

Zenvia is driven by the purpose of empowering companies to create unique experiences for customer communications through its unified end-to-end platform. Zenvia empowers companies to transform their existing customer communications from non-scalable, physical and impersonal interactions into highly scalable, digital first and hyper contextualized experiences across the customer journey. Zenvia's unified end-to-end CX communications platform provides a combination of (i) SaaS focused on campaigns, sales teams, customer service and engagement, (ii) tools, such as software application programming interfaces, or APIs, chatbots, single customer view, journey designer, documents composer and authentication and (iii) channels, such as SMS, Voice, WhatsApp, Instagram and Webchat. Its comprehensive platform assists customers across multiple use cases, including marketing campaigns, customer acquisition, customer onboarding, warnings, customer services, fraud control, cross-selling and customer retention, among others. As of March 31, 2021, Zenvia served more than 10,100 active customers throughout Latin America.

You May Also Be Interested In

• VICI Properties closes $1.75B senior unsecured notes offering
• OpenAI revenue chief quits after less than a year
• Lyntris (LYNX) files for 24M share IPO at $19-$22/sh