Cogna confirms interest in Vasta IPO

Cogna confirms interest in Vasta IPO

IPO Equity Capital Markets Brazil US

Brazil's Cogna, formerly known as Kroton Educacional, has confirmed that it could list shares in its K-12 subsidiary Vasta Educação in the US market, following press reports that it plans to carry out the initial public offering on the Nasdaq stock exchange. The online publication Brazil Journal reported on November 21 that Cogna had hired five banks – Goldman Sachs, Morgan Stanley, Bank of America and Itaú BBA – to arrange an IPO for Vasta, looking to value the subsidiary at BRL8 billion ($1.91

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