August 13, 2020 |
Brazilian payments processing company StoneCo has launched a $1 billion follow-on equity offering to help fund the BRL6.05 billion ($1.11 billion) acquisition of software company Linx.
Stone said it will sell $1 billion worth of common shares on the Nasdaq stock exchange and give the underwriters the option to buy up to $150 million in additional shares. JPMorgan, Morgan Stanley and Citigroup are the underwriters on the offering.
"Stone intends to use the net proceeds from the offering of the sh
Brazilian payments processing company plans to raise $1 bln to buy the software company