News | Brazilian Net Venture Locaweb Did IPO – with Market Value at 30 Times of Net Profit

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News abstract Locaweb, which operates a website in Brazil, is listed on the Brazilian stock exchange (BOVESPA). The listing raises US $ 325 million and the market value is estimated at US $ 650 million (about 30 times the company’s projected net profit for 2020). The company wants to spend half of the proceeds on cash and M & A. He suggested the possibility of M & A with 107 companies and revealed that he had already contacted 36 companies. Brazil is showing growth in Internet-related businesses. In this blog, we would like to think about the aim of listing Locaweb and the background of other companies listing in the … Conteúdo