Banco Inter, a Brazilian digital bank, announced in a securities filing that it has recruited banks to oversee a listing in the United States, sending its stock higher on Thursday.
According to Banco Inter, the listing will be managed by Bank of America, Bradesco BBI, J.P. Morgan, and Itau BBA.
The lender, which is sponsored by Japan’s SoftBank Group Corp, also announced that its board of directors has completed and authorized research on its corporate reform.
In early trade, Banco Inter units were up 5.5 percent at 43.80 reais, surpassing the broader Bovespa index, which was up 0.10 percent.
In May, the bank announced its intention to float its shares on the Nasdaq stock exchange. Banco Inter shareholders will be able to trade their shares in the United States directly or through Brazilian Depositary Receipts on the Brazilian stock exchange.
The bank stated that it has no way of knowing when the listing will be completed.
Inter announced the acquisition of USEND, a finance startup based in the United States, in August.
