MercadoLibre opens stock offering

MercadoLibre opens stock offering

Equity Corporate & Sovereign Strategy M&A Argentina US

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, w

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