StoneCo shapes share sale to fund Linx acquisition

StoneCo shapes share sale to fund Linx acquisition

Capital Markets Equity M&A Corporate & Sovereign Strategy Brazil Latin America

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

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