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Brazilian Fintech Ebanx Files Confidentially for U.S. IPO

Ebanx SA, a Brazilian financial technology firm backed by Advent International, has filed confidentially for a U.S. initial public offering, according to people familiar with the matter.

The company could go public as soon as January and seek a valuation of more than $10 billion, said one of the people, who asked to not be identified because the matter isn’t public.