August 1, 2018 |
After going public in January with a $2.3bn IPO on the New York Stock Exchange, PagSeguro Digital's stock price took a slight hit in June when it announced what became a $965m follow-on equity offering just within the usual lock-up period for newly-placed shares.
But investor appetite for fintech-related stories and an upcoming presidential election in Brazil presented an ideal opportunity for the local payment solutions provider.
"We wanted to hit this window given that presidential elections w
Brazilian tech companies promote competition and cost reductions in traditionally concentrated markets