BOGOTA (Reuters) – Colombian start-up Rappi, which is backed by Japan’s SoftBank, can be prepared to release a going public on the New York Stock Exchange within twelve month, cofounder Simon Borrero stated on Monday.
“It’s within our plan to go public, it could be on the New York Stock Exchange,” Borrero informed 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 mobile shipment solution application, runs in 9 nations throughout Latin America and is taken into consideration a unicorn because of its assessment of over $5 billion.
But Borrero stated the business remains in no thrill to release an IPO, considering its much 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 stated.
In enhancement to its shipment offering, Rappi provides electronic financial alternatives in Colombia and various other economic solutions in Mexico, Brazil, Peru and Chile.
(Reporting by Nelson Bocanegra; Writing by Oliver Griffin; Editing by Leslie Adler)
