We advised the joint bookrunners on the IPO and São Paulo Stock Exchange listing

Davis Polk advised the joint bookrunners in connection with the initial public offering by Desktop – Sigmanet Comunicação Multimidia S.A. of 30,435,000 common shares for an aggregate amount of approximately R$715.2 million. The common shares trade on the São Paulo Stock Exchange. The securities sold in the international offering were placed under Rule 144A and Regulation S.

Desktop is one of the largest internet service providers platforms in Brazil and the largest internet service provider platform in the State of São Paulo (excluding the city of São Paulo), according to data from ANATEL as of May 2021. Desktop primarily operates in the market for broadband internet services with high-speed fiber optic technology. 

The Davis Polk corporate team included Maurice Blanco and Cesar Fischer. The tax team included Kiara L. Rankin and Dov Sussman. Members of the Davis Polk team are based in the São Paulo and New York offices.

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