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Nasdaq Welcomes StoneCo Ltd. (Nasdaq: STNE) to the Nasdaq Stock Market

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NEW YORK, Oct. 25, 2018 (GLOBE NEWSWIRE) -- StoneCo Ltd. (Nasdaq: STNE), a leading provider of financial technology solutions in Brazil, rang the opening bell at the Nasdaq MarketSite in Times Square today in celebration of its initial public offering (IPO) on The Nasdaq Stock Market.

Based in São Paulo, Brazil, StoneCo empowers merchants and integrated partners to conduct electronic commerce seamlessly across in-store, online, and mobile channels. StoneCo’s unique client-centric approach, called the Stone Model, is concentrated on delighting clients and ensuring high quality customer support, rather than simply providing a solution or service. This model combines the company’s advanced, end-to-end, cloud-based technology platform with a differentiated hyper-local and integrated distribution approach, as well as white-glove, on-demand customer service. StoneCo is also the largest independent merchant acquirer in Brazil, and became the first non-bank entity to obtain authorization from the Central Bank of Brazil to operate as a Merchant Acquirer Payments Institution.

“Today’s public listing is an exciting time for Stone as we enter the next chapter of our company’s growth,” said Thiago Piau, CEO of StoneCo. “Our success is directly related to the trust and support from our customers, who are, and always will be, our top priority. Ultimately, we can only be successful if they are. So, while we’re thrilled with today’s IPO, we’re even more excited to be able to provide best-in-class technology and service for our customers who are the heartbeat of Brazil’s growing economy.”

“StoneCo’s model has created a company and culture that has enabled it to become a progressive leader in the financial-technology solutions space,” said Nelson Griggs, President of the Nasdaq Stock Exchange. “Nasdaq is excited to welcome StoneCo to join our family of innovative companies from around the world.”

The information contained above is provided for informational and educational purposes only, and nothing contained herein should be construed as investment advice, either on behalf of a particular security or an overall investment strategy. Information about the company is provided by the company or comes from the company’s public filings and is not independently verified by Nasdaq. Neither Nasdaq nor any of its affiliates makes any recommendation to buy or sell any security or any representation about the financial condition of any company. Statements regarding Nasdaq-listed companies are not guarantees of future performance. Actual results may differ materially from those expressed or implied. Past performance is not indicative of future results. Investors should undertake their own due diligence and carefully evaluate companies before investing. ADVICE FROM A SECURITIES PROFESSIONAL IS STRONGLY ADVISED.

About Nasdaq

Nasdaq (Nasdaq: NDAQ) is a leading global provider of trading, clearing, exchange technology, listing, information and public company services. Through its diverse portfolio of solutions, Nasdaq enables customers to plan, optimize and execute their business vision with confidence, using proven technologies that provide transparency and insight for navigating today’s global capital markets. As the creator of the world’s first electronic stock market, its technology powers more than 100 marketplaces in 50 countries, and 1 in 10 of the world’s securities transactions. Nasdaq is home to approximately 4,000 total listings with a market value of approximately $14 trillion. To learn more, visit: http://business.nasdaq.com

MEDIA RELATIONS CONTACT:Emily Pan(646) 441-5120 emily.pan@nasdaq.com Jillian Madison(646) 441-5073jillian.madison@nasdaq.com

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A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/239d799a-c8dd-4a5b-b4d0-b2d0488c4906

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