August 2, 2018
The Brazilian payments processing firm debuted in New York with one of the biggest IPOs by a Latin American company in recent years.
PagSeguro Digital’s IPO was more successful than its wildest dreams. There were not enough shares to go around when the Brazilian payments processing company raised $2.3 billion by selling shares in January, tapping into massive investor demand for high-growth fintech companies.
The company’s strategy to skip the local stock market and go public on the New York Stock Exchange in January was spot on, as appetite for tech stocks in the United States was stronger than in the Brazil.
Investors bought PagSeguro’s promise of stellar growth. In fact, the parent compan
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