July 24, 2020
Brazilian for-profit education company Cogna Educação said Thursday that it could move as much as $374 million in an initial public offering (IPO) of its subsidiary Vasta Educação on the Nasdaq stock exchange in New York.
Cogna plans to sell 18.6 million common shares for $15.50 to $17.50 per share, but the underwriters could increase the size of the offering by 2.79 million shares, the Belo Horizonte-based company said in a securities filing.
Goldman Sachs, Morgan Stanley, Bank of America and I
Brazilian private education company could move as much as $374 mln by listing shares on the Nasdaq exchange