We began 2013 with Linx's IPO, the first of the year, at BM&FBovespa in the Novo Mercado level of governance. We consider our IPO a great success because of the high market demand for our shares and its 18 % appreciation on the first day of trading as well. This achievement was only possible by investing in a new organizational structure, corporate governance, and the hard work of our staff, who believe in Linx's growth." Dennis HerszkowiczVice-President of Finance, Administration and Investor Relations Officer - Linx

In February 2013 Linx held its initial public offering (IPO, the acronym in English). The offer involved 19,550 thousand shares, including a supplementary lot of 2,550 thousand shares. The operation has reached the top value of the range of R$ 27.00 per share. The IPO raised R$ 527.9 million, R$ 343.1 million from the primary offering and R$ 184.8 from the secondary offering, resources that will assist in the growth of Linx through acquisitions and complementary working capital.

Preparation for this process began years earlier with the adequacy of the Company's governance. A number of measures were taken in advance to ensure the dialog with investors. The IPO is another step in the management improvement process of practices and transparency, like the two new advisory committees for the Board of Directors that will be deployed in 2013 (Remuneration and Audit).
 

The first Annual General Meeting was held two months after the IPO, on April 18, in the Linx headquarters in São Paulo. On that occasion, the holders of shares representing a percentage corresponding to 75.7% of the shares issued by the Company were present, and there was also a strong presence of other shareholders, in addition to the founders, BNDESPar and General Atlantic. Among the topics discussed at the meeting, and unanimously approved, were the financial statements for 2012, the allocation of the net profit for 2012, the capital budget for the fiscal year that terminated in 2013 and the distribution of dividends by the Company, in addition to the overall remuneration of the board members for 2013.

After the IPO, Linx has acquired in March 2013 the company Direção, a solution company for electronic payment mediums, service networks and business automation, for the total amount of R$ 26.5 million. In the same month the Company bought certain assets of Seller, a company developing and distributing software designed for management and automation of gas stations and convenience stores for a value of R$ 10 million, opening a new retail vertical market between those currently served by Company.