StoneCo prices follow-on

StoneCo prices follow-on

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

Brazilian payments processing company StoneCo priced a follow-on offering at $47.50 per share on Thursday, earning at least $1.3 billion to fund the acquisition of software company Linx. Stone sold 27.4 million common shares in the offering, but it gave the underwriters 30 days to buy another 4.11 million shares, which would increase the size of the deal by $195 million, the company said in a securities filing. JPMorgan, Morgan Stanley, Citi and XP Investments are the underwtiters. Stone previou

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