September 14, 2018 |
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 $
Brazilian online educator looks to leverage well-received tech IPOs from the US, sets range on a potential $200m NYSE offering