BOGOTA (Reuters) – Colombian start-up Rappi, which is backed by Japan’s SoftBank, will be ready to launch a going public on the New York Stock Exchange inside twelve month, cofounder Simon Borrero said on Monday.
“It’s within our plan to go public, it could be on the New York Stock Exchange,” Borrero knowledgeable press reporters. “The idea is that as a company, in 12 months, we will be ready to come out with all the audit processes, with mature projections as well.”
Rappi, a cellular cargo resolution utility, runs in 9 nations all through Latin America and is considered a unicorn due to its evaluation of over $5 billion.
But Borrero said the enterprise stays in no thrill to launch an Initial Public Offering, contemplating its a lot better revenues numbers reported in 2015.
“We’re patient, we’re not anxious because we’re already profitable, so we’ll be measuring it so that we pick a good moment,” he said.
In enhancement to its cargo providing, Rappi supplies digital monetary options in Colombia and varied different financial options in Mexico, Brazil, Peru and Chile.
(Reporting by Nelson Bocanegra; Writing by Oliver Griffin; Editing by Leslie Adler)
