January 11, 2018 |
PagSeguro Digital has set terms ahead of pricing a potential IPO on the NYSE, according to a securities filing with the SEC. The Brazilian payment processor could raise more than $2bn in a primary and secondary stock sale, should it exercise overallotment options and price the IPO at the top of a suggested range.
Underwriters are selling 43.3m Class A common shares and UOL, the selling shareholder, is offloading 48.82m of its own Class A common stock. Leads also have the option to sell a further
Brazilian payment processor's equity sale could swell to roughly $1.7bn, or more than $2bn if leads exercise overallotment options and price at the top