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Brazil's Mastercard Rival Elo Taps Bank of America, Other Banks for US IPO

Summary by Financial Post
(Bloomberg) — Elo Servicos SA, the payments firm owned by Brazilian state and private lenders, has chosen banks to handle its long-awaited initial public offering, according to people familiar with the matter.

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GloboGlobo
Lean Right

Bradesco, BB and Caixa Card Flag, Elo Hires Banks for IPO in the U.S. in September, Sources Say

It is estimated that the company is valued at US$ 3 billion, with an offer of about US$ 500 million, still according to partners

·Brazil
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Financial PostFinancial Post
Lean Right

Brazil's Mastercard Rival Elo Taps Bank of America, Other Banks for US IPO

(Bloomberg) — Elo Servicos SA, the payments firm owned by Brazilian state and private lenders, has chosen banks to handle its long-awaited initial public offering, according to people familiar with the matter.

·Canada
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PYMNTS.comPYMNTS.com

Brazilian Payments Firm Elo Plans American IPO

Brazilian payments firm Elo is reportedly working on an initial public offering (IPO) and has tapped banking partners to list in the U.S.

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  • 100% of the sources lean Right
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Financial Post broke the news in Canada on Monday, May 11, 2026.
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