Sao Paulo based payments company raised $150m in a private funding round led by Viking Global Investors
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Brazilian payments startup Conductor raised $150m
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Chief Executive Antonio Soares billed the fundraising as probably the company’s last before it undertakes an initial public offering (IPO) in the United States. Should Conductor list on a U.S. exchange, it would follow in the footsteps of other Brazilian payments companies including StoneCo Ltd STNE.O and PagSeguro Digital Ltd PAGS.N. Both have performed well since listing in 2018, gaining 131% and 74%, respectively.
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