Vasta shares hold value on first day

Vasta shares hold value on first day

Capital Markets Equity IPO Corporate & Sovereign Strategy Rule 400 Brazil US Latin America

Shares in Vasta Educação, the K-12 division of Brazilian private education company Cogna Educação, fluctuated on their first day of trading on the Nasdaq exchange in New York, but they mostly held ground and lost just 0.79% to close at $18.85 each. Cogna announced on Friday that it priced Vasta's initial public offering (IPO) at $19.00 per share, above the target range of $15.50 to $17.50 per share that it set on July 23. In early trading, Vasta's shares dropped 11.7% to $16.77, but they later r

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