Totvs Focused on Eventual NY Debut

In the midst of ongoing expansion and consolidation of its sector, Brazilian IT and software provider Totvs sees an eventual New York equity listing as a way to increase exposure and perhaps raise new funds. “We are working to be prepared to list in the US at the right moment. The reasoning is clear to be in New York – to be at the global standard and be listed along with comparable businesses,” CFO Alexandre Dinkelmann tells LatinFinance, noting especially a lack of peers in Brazil. The move would not be immediate, and Totvs is looking at a 3-year horizon for the listing, which could involve the raising of new funds. Mostly, however the company is not in need of new funds, thanks to a strong cash flow, even as they continue acquiring. “We are always looking at opportunities in Brazil and outside of Brazil, the deal flow will continue and we will be a natural consolidator,” Dinkelmann says. Brazil is the cornerstone, and LatAm beyond that, but he says the goal is to lead the market for SME services in the emerging markets.