Arco Platform launches IPO

Arco Platform launches IPO

Capital Markets Equity IPO Brazil

Brazilian online educator Arco Platform on Wednesday evening launched its IPO and underwriters started investor meetings ahead of pricing the potential equity offering on September 25. The 100% primary sale comprises up to 11.1m shares being marketed at a range of $15.5 to $17.5, ECM sources in New York confirmed. At the midpoint, the IPO would be worth around $183m while the company's market value would be $802m. The enterprise value based on the midpoint of the suggested range comes to about $

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