Brazilian technology services company Tivit has filed for a third attempt at an initial private offering on the Bovespa stock exchange, according to a securities filing published on Tuesday.
Tivit, which provides technology consulting to industries including telecommunications and finance, had to scrap one IPO effort in 2007 and a second in 2008 after the financial crisis cut investor interest in emerging market equity offerings.
Brazil's industrial and banking group Votorantim has a controlling stake in Tivit, which has offices in 15 countries.
The nation's CVM market regulator said Tivit on Monday had filed a request to go public.
The company reported first quarter earnings of 452 million reais, or around $230 million, up 7.9 percent from the same period a year earlier.
Stock offerings in Brazil fizzled in 2008 after surging to a record in 2007.
But they have gained steam in recent weeks with the sale of nearly 18.32 billion reais ($9.74 billion) in shares since late June, including the record-setting IPO of credit-card processing company VisaNet.
(Reporting by Aluisio Alves; Writing by Brian Ellsworth; Editing by Phil Berlowitz)