---
title: Brazilian ISP Unifique IPO generates USD157m - Developing Telecoms
description: Brazilian internet service provider (ISP) Unifique Telecomunicações said it raised BRL818 million ($158 million) in an initial public offering (IPO) after pricing its shares at BRL8.60 each, not far from the bottom end of the indicative range.

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Brazilian internet service provider (ISP) Unifique Telecomunicações said it raised BRL818 million ($158 million) in an initial public offering (IPO) after pricing its shares at BRL8.60 each, not far from the bottom end of the indicative range.

According to a prospectus statement from the Santa Catarina-based operator, it has sold 95.1 million shares in the IPO and said it would use 40% of the proceeds for strategic acquisitions, 40% for organic growth, and 20% for other investments.

The company foresees the primary distribution of 96,118,724 new shares to be issued by the company. Considering the over-allotment, Unifique estimates that there will be 110,387,452 common shares issued by it in circulation in the market - equivalent to 29.75% of its share capital.

“We believe that technology is very important for the company's success, and Unifique is committed to constantly bringing the best technologies to customers, but what makes a service company differentiate is its people. And we have an extremely committed team,” said Fabiano Busnardo, CEO of Unifique.

The company operates in the telecommunications market with Internet services, subscription TVHD, fixed telephony, mobile telephony, and data center, offering communication solutions for companies, homes, and governments, which combine the latest technology with a differentiated relationship.

Founded in 1997, Unifique claims to be the largest fiber-optic supplier in Santa Catarina, having at the end of March 318000 accesses in more than 122 municipalities of the state and 5 in Paraná. The company is expanding its business to the Rio Grande do Sul, where it purchased an operation with over 31,000 accesses in April.

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