New Street: INTR US (Neutral, TP: USD4.3, +54%) Consolidation / M&A in Fintech: Itau - Avenue deal
Rising interest rates and falling valuations are presenting consolidation opportunities in the LatAm fintech space. We have very recently written on a potential PagSeguro-Stone merger in the payments space (see HERE) and now run the numbers on Friday’s announced acquisition by Itau of a 35% stake in US broker deal Avenue.
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New Street Research is an independent, partner-owned, research firm specialising in equity and debt research. Our equity research embraces the following sectors:
- Pan European Telecom Services and Cable
- US Telecoms, Cable, Satellite and Towers
- Global Emerging Market Telecoms
- Japan Telecoms
- Asian Internet
- Pan European Healthcare
- Global healthcare thematic research
We provide debt research on:
- Pan European Telecom Services and Cable
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