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Brazilian BDR Holders Forced to Choose as Inter & Co. Consolidates Listing on NASDAQ

Brazilian BDR Holders Forced to Choose as Inter & Co. Consolidates Listing on NASDAQ

M
Marcus Wright
Sep 9, 2026, 3:37 PM
Brazilian BDR Holders Forced to Choose as Inter & Co. Consolidates Listing on NASDAQ
Illustration — BRZ.news

Inter & Co., the parent company of the prominent Brazilian digital bank that offers a "Super App," is moving to consolidate its public listing in the United States, forcing thousands of local investors to make a choice about their holdings by October 16, 2026. The company is discontinuing its Sponsored Level II Brazilian Depositary Receipts (BDR) program, which trades on the B3 stock exchange under the ticker INBR32, in a move that highlights the ongoing trend of large Brazilian tech firms shifting primary liquidity to U.S. exchanges.

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