Prática announces its intention to go public on a European stock exchange

Prática, a Brazilian leader in the development and manufacturing of innovative equipment for the foodservice and bakery sectors, has announced its intention to seek a listing and go public in the European market.

This move is part of an ambitious strategy to accelerate its expansion in Europe and attract qualified investment, using the Spanish Stock Exchange as its entry point.

The official announcement was made today at the XXVII Latibex Forum in Madrid, an event organised by Bolsas y Mercados Españoles (BME).

The company aims for a direct listing on the Spanish growth market, BME Growth, making use of an existing cooperation agreement between BME and the Brazilian Stock Exchange (B3).

The news quickly gained prominence in the specialist press and was reported by the Spanish newspaper Expansión, the country’s leading reference in economics, finance, and business.

The publication interviewed André Rezende, Founder and President of Prática, to outline the company’s plans, reinforcing the relevance of this step for the European capital markets.

International Growth and the Search for Capital

Prática, with over three decades of experience and subsidiaries in Chile, the United States, and Germany, seeks to significantly expand its presence in Europe.

Currently, 20 per cent of its business is already international, and the company expects this share to grow substantially.

“By being listed in Europe, we expect the perceived Brazil risk to decrease. We are confident that investors will recognise the value in the fact that 20 per cent of our business is already international, and this share will continue to increase,” says André Rezende, Founder and President of Prática.

The company’s plans include:

• Listing on BME Growth: Prática will be a pioneer in using this new direct access route, without going through Latibex.

• Raising Capital: The company intends to attract qualified investment to support its growth and international operations.

Spain as a Strategic Hub

The choice of the Spanish exchange as a platform is strategic. According to André Rezende, Spain is considered an excellent gateway to the European market due to:

• Its relevance in the hotel and tourism sectors

• Institutional ease

• Cultural affinity

Prática is being advised by consultancy firm Armanext throughout the listing process.

BME, in turn, expects Prática’s initiative to inspire many other Latin American companies to follow the same path, further energising the growth-market segment in Spain.

Click here to read the original Expansión report.