Initial Public Offering of the Year: PagSeguro

Initial Public Offering of the Year: PagSeguro

This year’s winner raised $2.6 billion in a blockbuster IPO that claimed a string of superlatives. It was the second-biggest IPO globally in the first quarter of 2018. It was also the fourth-largest tech IPO in history after Facebook, Alibaba and Snapchat. During pricing, bankers described demand as “massive,” reflecting the market’s appetite for tech stocks. Shares climbed almost 36% the day it traded. Though it initially planned to sell 92 million shares, the company sold 105 million shares.

And our winner is PagoSeguro.