July 7, 2020 |
Brazilian private education company Cogna Educação said on Monday it started the process for an initial public offering (IPO) of its K-12 subsidiary, Vasta Educação, on the Nasdaq stock exchange and will use part of the proceeds to fund acquisitions.
Cogna said in a securities filing it opened an application for the distribution of Class A common shares to be issued by the wholly-owned subsidiary with the US Securities and Exchange Commission (SEC).
The proposed offer will also include an agreem
Brazilian private education company starts to list Vasta Educação on the Nasdaq