October 26, 2018 |
Brazilian credit card processor StoneCo priced its IPO above a suggested range a day earlier than expected after order books were understood to be well subscribed with anchor investments.
StoneCo raised about $1.22bn on Wednesday, post market close, after underwriters offered 45.8m primary shares and roughly 4.9m in secondary stock for $24 apiece.
Selling shareholders were understood to include the company founders Andre Street and Eduardo Pontes, as well as Madrone Capital Partners, Gavea Inves
Brazilian payment processor raises $1.2bn in equity sale, offers shares $1 higher than the top of a suggested bracket