March 19, 2019 |
Argentina's MercadoLibre said last week that it plans to sell up to $1.15bn in shares as part of a $1.85bn capital increase.
The Buenos Aires-based online retailer said it will sell at least $1bn in common stock and give the underwriters 30 days to buy an additional $150m in shares.
Goldman Sachs, JPMorgan and Morgan Stanley are the joint bookrunners on the share sale, MercadoLibre said in a press release.
As part of the capital increase, PayPal, the online payments company from California, will
Argentine online retailer could sell up to $1.15bn in shares as PayPal puts in another $750m